Cheniere Creole Trail Pipeline, L.P.

Original Volume No. 1

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Effective Date: 04/28/2008, Docket: RP08-137-000, Status: Effective

Original Sheet No. 170 Original Sheet No. 170 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

D. Acquisition of Eligible Capacity

 

Except as set forth in Section 19.F herein, Replacement Shippers may only

acquire eligible capacity through the bidding process set forth in Section

19.E herein.

 

E. Open Season Bidding - Biddable Releases:

 

1. Parties That May Bid

 

In order to submit a bid under, any party, including a prearranged Replacement

Shipper must be on the approved bidders list. To be on the approved bidders

list, a party must (1) satisfy the provisions of Section 22.A (Information

Required to Accompany Transportation Requests) and Section 17

(Creditworthiness) of the General Terms and Condition and (2) have executed a

Master Service Agreement for Capacity Release Transactions in the form set

forth in this Tariff. A party shall remain on the approved bidders list until

such party notifies Transporter to the contrary or no longer meets the credit

qualifications in Section 17 of these General Terms and Conditions.

 

2. Capacity Release Timelines (in Central Clock Time)

 

The capacity release timeline is applicable to all parties involved in the

capacity release process; however, it is only applicable if (1) all

information provided by the parties to the transaction is valid and (2) there

are no special terms or conditions to the release.

 

(a) For biddable releases (less than 1 year):

 

i. offers should be tendered by 12:00 P.M. on a Business Day.

 

ii. open season ends no later than 1:00 P.M. on a Business Day (evaluation

period begins at 1:00 P.M. during which contingency is eliminated,

determination of best bid is made, and ties are broken);

 

iii. evaluation period ends and award posting if no match required at

2:00 P.M.,

 

iv. match or award is communicated by 2:00 P.M.