Crossroads Pipeline Company
First Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 02/26/2009, Docket: RP09-286-000, Status: Effective
Third Revised Sheet No. 182 Third Revised Sheet No. 182
Superseding: Second Revised Sheet No. 182
GENERAL TERMS AND CONDITIONS
(Continued)
(c) For (1) capacity release transactions of more than one (1) year
where Releasor has posted a prepackaged arrangement at less than the maximum
rate or (2) including prepackaged arrangements for 31 days or less for which
the Releasor requests competitive bidding, the designated Replacement Shipper
under that arrangement will be awarded the capacity if, within the time
limits specified in Section 14.3(h) immediately above, that designated
Replacement Shipper matches the competing bid(s) offering the highest
economic value, as calculated in accordance with the bid evaluation
criteria set forth in Section 14.1(c) or in the Release Notice.
(d) Where highest bids of equal value are received for released
capacity from more than one bidder, not including a designated Replacement
Shipper under a prepackaged arrangement, the capacity (i) shall be assigned
in accordance with any nondiscriminatory method for breaking ties established
by Releasor in the Release Notice, or (ii) shall, if Releasor does not
establish a tie-breaking method, be assigned pro rata on the basis of the
respective quantities bid by the winning bidders. Bidders may specify in
their bids the minimum quantities they will accept. If a pro rata allocation
would result in assignment of quantities below a bidder's minimum quantity,
any such bidder will not be assigned the capacity, and the total quantity
available for assignment will then be re-allocated among the remaining
highest value bidders on a pro rata basis.
(e) Transporter will not award capacity release offers to the
Shipper until and unless the Shipper meets Transporter's creditworthiness
requirements applicable to all services that it receives from Transporter,
including the service represented by the capacity release.
(f) Transporter shall post on the EBB the winning bid and the
identity of the winning bidder(s) in accordance with the Capacity Release
timeline under Section 14(c) above.
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 in accordance with the Capacity Release
timeline under Section 14(c) above.