Eastern Shore Natural Gas Company
Second Revised Volume No. 1
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Effective Date: 03/01/2009, Docket: RP09-337-000, Status: Effective
Second Revised Sheet No. 92 Second Revised Sheet No. 92
Superseding: First Revised Sheet No. 92
EASTERN SHORE NATURAL GAS COMPANY
GENERAL TERMS AND CONDITIONS
The following terms shall have the meanings defined below:
(a) ?Best Bid? shall mean the bid for released capacity which
yields the highest economic value to a Releasing
Shipper calculated in accordance with the criteria
established by that Releasing Shipper or, if none is
established, in accordance with TSP?s methodology
as set forth in Section 29(h) of the General Terms
and Conditions of TSP?s FERC Gas Tariff.
(b) ?Bidder? shall mean any party that submits a bid for released
capacity pursuant to Section 29 of the General Terms and
Conditions of TSP?s FERC Gas tariff.
Any party desiring to submit a bid under Section 29 of the
General Terms and Conditions of TSP?s FERC Gas Tariff must
first prequalify by demonstrating that it meets, on a
continuing basis, the creditworthiness standards of
Section 11(e) and Section 19 of the General Terms and
Conditions of TSP?s FERC Gas Tariff. TSP has no obligation
to accept a Bidder as a Replacement Shipper until the
potential Bidder satisfies these criteria.
Upon prequalification the Bidder will be on TSP?s approved
Bidder list, and will be eligible to post bids on TSP?s IWS.
A Bidder will remain on TSP?s approved Bidder list until such
Bidder: (i) requests to be removed from the approved Bidder
list, (ii) in TSP?s sole judgment no longer meets the credit
qualifications of Section 11(e) and/or Section 19 of the
General Terms and Conditions of TSP?s FERC Gas Tariff, or
(iii) is suspended for failure to pay part or all of the
amount of any bill for service from TSP.
TSP?s affiliates may bid for capacity on equal terms with
all other bidders.
(c) ?British Thermal Unit (Btu)? shall mean the amount of
heat required to raise the temperature of the one (1) pound
of water one (1) degree Fahrenheit at sixty (60) degrees
Fahrenheit measured on a dry basis at fourteen and
seventy-three hundredths (14.73) pounds per square inch
absolute (psia). For reporting purposes, Btu conversion
factors of not less than three (3) decimal places shall
be used. For calculation purposes, Btu conversion factors
of not less than six (6) decimal places shall be used.