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. 175 Original Sheet No. 175 : Pending

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

G. Selection of Replacement Shipper:

 

1. Releases Subject to Open-Season Bidding

 

(a) General

 

Transporter shall review the bids received and reject any bids that do not

comply with all applicable provisions of this Section 19 and the Release

Notice. Subject to the right to match, if applicable, Transporter will

evaluate and rank all bids and award the eligible capacity to the bidder that

submitted the bid that meets all the terms and condition of the Release

Notices and provides the greatest economic value as determined by the

evaluation methodology specified in the Release Notice. If the Releasing

Shipper has permitted contingent bid, the selection of the Replacement Shipper

may be delayed in accordance with the contingencies permitted in the Release

Notice. If the bids of two or more Replacement Shippers provide the same

economic value and both meet all the conditions placed on the release,

eligible capacity to will be awarded to the Replacement Shipper who submitted

the first bid; provided however, if a contingent bid and a non-contingent bid

tie, capacity will be awarded to the non-contingent bidder. If there are

multiple bids meeting the minimum conditions, Transporter will evaluate and

rank all bids and will award bids, best bid first, until all offered capacity

is awarded.

 

(b) Open-Season Bids for Prearranged Replacement Shippers

 

Where there is a prearranged release subject to open season bidding and a bid

is submitted that is better than the bid submitted by the prearranged

Replacement Shipper, Transporter will notify the prearranged Replacement

Shipper by 2:00 p.m. Central Clock Time on the day the released capacity is

awarded and the prearranged Replacement Shipper will have until 2:30 p.m. to

match the better offer and obtain the right to the relinquished capacity. If

the prearranged Replacement Shipper matches the better bid, Transporter will

award the eligible capacity to the prearranged Replacement Shipper. If the

prearranged Replacement Shipper does not match the better bid, Transporter

shall award the eligible capacity to the party that submitted the best bid.