Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/24/2007, Docket: RP08- 31-000, Status: Effective

Second Revised Sheet No. 80 Second Revised Sheet No. 80 : Effective

Superseding: First Revised Sheet No. 80

GENERAL TERMS AND CONDITIONS

(Continued)

 

(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 two business

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 two business days

after the close of the capacity auction periods as set forth in Section

4.2(a) below. Shipper may, therefore, 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

may execute any new Service Agreement prior to the termination of the

existing long-term Service Agreement. Shipper continuing 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 two day notification period as described

in 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.