Crossroads Pipeline Company

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-145-003, Status: Effective

Substitute Sheet No. 65.1 Substitute Sheet No. 65.1 : Effective

Superseding: Original Sheet No. 65.1

 

(f) If provided for in an offer of release, the releasing shipper may recall

capacity by providing notice, in writing and electronically, to Crossroads

and the replacement shipper by no later than 8:00 a.m. on the day of

nomination. Partial day recalls will not be accepted.

 

(g) Withdrawal of Offers and Bids: All offers to release capacity may be

withdrawn, due to unanticipated circumstances, prior to the close of the open

season if no minimum bids have been made. Bids cannot be withdrawn

after the bid period ends . All offers

and bids are binding following the close of the open season and prior to the

receipt by Crossroads of a notice of withdrawal in writing and electronically.

 

(h) Contingencies in Offers and Bids: Any contingencies in offers and bids must be

eliminated by the close of the evaluation period. Any offers and bids with

unresolved contingencies at the end of the evaluation period will be rejected

by Crossroads.

 

(i) A releasing shipper will not be able to specify an extension of the original

bid period or the pre-arranged deal match period without posting a new release.

Reput method and rights should be specified by the releasing Shipper at the time

of release. Reput method and rights are individually negotiated between

the releasing shipper and replacement shipper.

 

(j) Where there is a Prearranged Replacement Shipper and an offer which is better than

the bid submitted by the Prearranged Replacement Shipper, Crossroads will notify

the Prearranged Replacement shipper by 9:00 a.m. of the next Business Day and the

Prearranged Replacement Shipper will have until 12:00 noon on the next Business Day

after notification to match the better offer and obtain the right to the released

capacity. When the capacity being released is for a term of one year or greater,

the Prearranged Replacement Shipper shall have an additional Business Day to match

the better offer. Crossroads shall issue an Addendum to the Prearranged Replacement

Shipper unless a better or best offer, as defined in Section 32 herein, is received

within the time period specified in the posting. In the event the Prearranged

Replacement Shipper does not match the better offer, Crossroads shall issue an

Addendum to the party who made the better or best offer.