Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 07/08/2006, Docket: RP06-387-000, Status: Effective

First Revised Sheet No. 81 First Revised Sheet No. 81 : Effective

Superseding: Original Sheet No. 81

GENERAL TERMS AND CONDITIONS

(Continued)

 

(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, 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 higher value bid (a bid that exceeds the value of the initial posted

bid), as determined in accordance with the bid evaluation criteria set

forth in Section 4.2(c) below.

 

 

(d) Termination of Other Long-Term Service Agreements. If a long-

term Service Agreement is not continued by its own terms or by reason of

the Shipper's exercise of its right of first refusal, such long-term

Service Agreement shall be subject to pregranted abandonment unless

otherwise specified in the Service Agreement and shall terminate as

specified therein and Transporter shall have no further obligation to

Shipper.

 

4.2 Auctions of Capacity that Becomes Available. As capacity becomes

available on Transporter's system for firm services under the circumstances

set forth in Section 4.1 above or otherwise, such capacity shall be made

available for bidding provided that it is not previously committed and

capacity remains available.

 

(a) EBB Posting Procedure. Capacity that becomes or will become

available will be posted by Transporter on its EBB for at least the

following periods: