Crossroads Pipeline Company

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-145-001, Status: Effective

Substitute Original Sheet No. 64 Substitute Original Sheet No. 64 : Effective

Superseding: Original Sheet No. 64

 

and agrees to all other conditions of the release

prior to the submission of the Shipper Notice to

Crossroads, the released capacity will be assigned to

the Prearranged Replacement Shipper and such

Shipper's notice shall be posted on the Crossroads'

EBB System with no bid period. The Prearranged

Replacement Shipper will be posted as the winning

bidder in accordance with Section 32.7 herein.

 

32.6 Approved Bidders List: In order to submit a valid bid under this capacity

release program, any party, including a Prearranged Replacement Shipper, must

be on the approved bidders list. To be on the approved bidders list, a party

must meet the provisions of Section 7 herein and have executed a capacity

release service agreement with Crossroads in the form set forth in this Tariff

(Capacity Release Service Agreement). A party shall remain on the approved bidders

list until such party notifies Crossroads to the contrary, no longer meets

the credit qualifications in Section 7 herein, or is suspended from the approved

bidders list in the event and for such time as such party fails to pay part or

all of the amount of any bill for service in accordance with Section 11 herein.

 

32.7 Bidding Process

 

(a) Crossroads will post all offers to release capacity and bids for released

capacity upon receipt, unless the releasing shipper requests otherwise.

If the releasing shipper requests a different posting time, Crossroads will

use its best efforts to comply with such request, provided the request

complies with the timelines set forth in Sections 32.7(d) and 32.7(e) herein.

 

(b) The timelines set forth in Sections 32.7(d) and (e) shall be applicable to

all releases of capacity provided that:

 

(i) All information provided by the parties to the transaction is valid;

 

(ii) The replacement shipper is on the Approved Bidders List;

 

(iii) The offer to release capacity contains no special terms or conditions,

including, but not limited to, methods for determining the best bid

other than highest rate, net revenue, or net present value.

 

(c) If the offer to release capacity contains special terms and conditions, or a

method of determining the best bid other than highest rate, net revenue, or

net present value, the offer to release shall specify in detail the special terms

and conditions and the timeline applicable to the bidding process.

 

(d) The following timeline shall apply to all other offers and bids for releases

of capacity of less than five (5) months (all times are in Central Clock

Time):

 

(i) Offers to release capacity must be posted no later than 1:00 p.m. on the

day prior to nomination.

 

(ii) Open season for bids on offers to release capacity will end at 2:00 p.m.

on the day prior to nomination.

 

(iii) The evaluation period, during which contingencies on offers and bids are

eliminated, the best bid is determined, and ties among bids are broken,

begins at 2:00 p.m. and ends at 3:00 p.m. on the day prior to nomination.

 

(iv) Match or award will be communicated by 3 p.m.

 

(v) Match response will be communicated by 4 p.m.

 

(vi) The capacity will be awarded no later than 5:00 p.m. on the day prior to

nomination.