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: