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.