Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2001, Docket: RP02- 14-000, Status: Effective

Original Sheet No. 154 Original Sheet No. 154 : Superseded

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

14.5 Assignment Agreements.

 

(a) For all transactions pursuant to this Section 14, Transporter shall electronically transmit

an Assignment Agreement upon receipt of Replacement Shipper's electronic confirmation reflecting the terms

of the Release Notice to Replacement Shipper by (or where Replacement Shipper has not executed the

Electronic Contracting Agreement, within five business days following): (i) 5:00 p.m. (C.T.) on the day

bidding closes; or (ii) one hour after Releasor posts on Transporter's EBB an exempt transaction not subject

to competitive bidding (by providing to Transporter the information specified in Sections 14.1(b)(10) and

14.2(b)).

 

(b) Transporter and Replacement Shipper shall execute the Assignment Agreement in substantially the

form contained in this Tariff; provided that such an Agreement shall be executed electronically where an

executed contract is required within five business days of its transmission by Transporter. That Assignment

Agreement shall contain all terms and conditions of the release and assignment; provided that such terms and

conditions are identical to those set forth in the underlying Release Notice. Where electronic contracting

is required as described immediately above, all Replacement Shippers must have executed an Electronic

Contracting Agreement in accordance with the electronic contracting procedures specified in Section 5.7 of

the General Terms and Conditions. All Replacement Shippers must appear on Transporter's Approved Bidders

List, which list shall indicate Bidders that have executed an Electronic Contracting Agreement. Service

will not be provided unless the Assignment Agreement properly has been executed. If the Replacement Shipper

does not execute and return such Assignment Agreement within two business days of Transporter's tender (or

such later date established by Releasor through notice to Transporter and Replacement Shipper),

Transporter's offer of an Assignment Agreement shall be void and Transporter will tender an Assignment

Agreement to the next highest acceptable bidder, if any, consistent with the terms of the Release Notice.

Except with respect to prearranged transactions described in Section 14.2(a) above, Replacement Shippers

failing to return such agreement shall be removed from Transporter's Approved Bidders List for six months,

or less than six months if agreed to in writing by the Releasor. Nothing herein shall restrict Releasor

from pursuing any other remedies it may have against a Replacement Shipper failing to execute and return an

Assignment Agreement tendered by Transporter.

 

14.6 Implementation; Receipt and Delivery Points. Following acceptance of a bid for assignment and

execution of an assignment agreement, Transporter will accept nominations or requests for alternate receipt

or delivery points for the assigned capacity. Replacement Shippers may submit nominations to Transporter in

the next available nomination cycle, as specified in Section 6.2(e) of the General Terms and Conditions,

following execution of an Assignment Agreement, consistent with the electronic contracting requirement set

forth in Section 5.7 of the General Terms and Conditions. Replacement Shippers may not, however, exercise

flexible receipt and delivery point authority at primary points unless such exercise is agreed to in writing

by Releasor. Quantities flowing under assigned service rights shall have the same priority as those

quantities had under the applicable underlying service agreement originally entered into by Releasor and

Transporter, and that priority shall be unaffected by whether or not the assignment is subject to recall, as

described at Section 14.7 below.