Columbia Gulf Transmission Company
Second Revised Volume No. 1
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Effective Date: 10/01/2007, Docket: RP07-657-000, Status: Effective
Ninth Revised Sheet No. 145 Ninth Revised Sheet No. 145 : Effective
Superseding: Eighth Revised Sheet No. 145
GENERAL TERMS AND CONDITIONS (Continued)
(3) In the event that Shipper provides Transporter with a six-month notice of intent to
exercise its right of first refusal, Transporter shall promptly post on its EBB the information
described in Section 4.2. Transporter shall begin accepting bids from any prospective Shipper, for all
or a portion (volume but not geographic portion) of the service rights under the existing Shipper's
long-term Service Agreement, at least five months prior to the termination of such Service Agreement,
and for the posting time periods set forth in Section 4.2(a) below.
(4) If Transporter receives an offer for all or a portion (volume but not geographic
portion) of the service rights under Shipper's long-term Service Agreement, Transporter, within five
days after the last day for receiving offers, shall notify Shipper through the EBB of the offer having
the greatest economic value to Transporter. For purposes of comparing the respective values of offers
under this section, Transporter shall evaluate all bids in accordance with the criteria set forth at
Section 4.2(c) below. If Shipper elects to match the offer, Shipper shall notify Transporter of such
election through the EBB within 15 days after receiving Transporter's notice and shall execute a new
Service Agreement matching the offer prior to the termination of the existing long-term Service
Agreement. The highest rate that Shipper must match to continue such service is the Recourse Rate. If
Shipper does not elect to match the offer within 15 days after receiving Transporter’s notice, Shipper’s
right of first refusal will immediately terminate.
(5) If no acceptable offers meeting Transporter's minimum terms are received,
Transporter will notify Shipper within five days after the close of the capacity auction periods as set
forth in Section 4.2(a) below. Shipper may, thereafter, consistent with the terms of this Tariff,
continue to receive all or a portion (volume but not geographic portion) of its service (i) on a month-
to-month basis or for such other term and rate agreed to by Transporter and Shipper, or (ii) at the
applicable Recourse Rate for a term to be specified by Shipper. Shipper shall execute any new Service
Agreement prior to the termination of the existing long-term Service Agreement. Shipper continuing
service under either (i) or (ii) retains its right of first refusal on the portion continued, if it is
under a Service Agreement with a term of 12 or more consecutive months of service, at the applicable
Recourse Rate for that service, or is a firm multi-year seasonal Service Agreement at the applicable
Recourse Rate for that service. If Shipper does not continue all or a portion (volume but not geographic
portion) of its service pursuant to the provisions of (i) or (ii) above, within 20 business days
following Transporter’s five day notification period as described in this Section 4.1(c)(4) above, or
such other period as may be mutually agreed to between Transporter and Shipper on a not unduly
discriminatory basis, Shipper’s right of first refusal will immediately terminate.
(6) If no acceptable offers satisfying Transporter's stated minimum terms are received,
and no new long-term Service Agreement has been reached between Transporter and the Shipper holding the
capacity under the expiring Service Agreement, Transporter shall post such capacity for an indefinite
period as Generally Available Capacity. Transporter will post minimum price and other terms for such
Generally Available Capacity, as described at Section 4.2 below. Transporter may change those minimum
price and other terms, or may withdraw the posting of such Generally Available Capacity, at any time
prior to receipt of a bid satisfying the posted minimum terms for that capacity. Any such minimum price
or other terms shall be subject to the same limitations applicable to other available capacity as set
forth in this Section 4.
(7) Transporter will accept Recourse Rate bids for posted Generally Available Capacity on
a first-come, first-served basis. If Transporter receives an acceptable bid for such Generally
Available Capacity that meets its stated minimum conditions but is at less than the Recourse Rate,
Transporter will post that bid on its EBB for the posting periods set forth in Section 4.2 (a) below.
Any other competing bidder may obtain the capacity by submitting during the posting period a highest
value bid (a bid that exceeds the value of the initial posted bid), as determined in accordance with the
bid evaluation criteria set forth at Section 4.2(c) below,