Crossroads Pipeline Company

Original Volume No. 1

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Effective Date: 10/02/1995, Docket: CP94-342-001, Status: Effective

Original Sheet No. 73 Original Sheet No. 73 : Effective

 

 

following a termination by the Shipper of its long-term firm

service agreement, and Crossroads shall have all necessary

abandonment authorization under the NGA with respect to

such service. Crossroads shall provide Shipper notice of

termination of Long-Term Firm Agreements no later than 180

days prior to the contract termination for a contract of 1

years to 3 years and 1 year prior to the contract

termination for contracts greater than 3 years in length.

 

35.4 Notice and Posting. Within thirty days of the issuance by

Crossroads of a Notice of Termination of a long-term firm

service agreement, Crossroads shall post on its electronic

bulletin board the following information:

 

(a) Point(s) of Receipt and Point(s) of Delivery;

 

(b) the specific quantity available under the terminated

contract;

 

(c) the date of expiration; and

 

(d) the current maximum rate applicable to the terminated

service.

 

35.5 Submission of Bids. Bids from Shippers who desire service

to be provided in whole or in part by the capacity to be made

available upon termination of a long-term firm service

agreement ("Potential Shippers") must be received by

Crossroads no later than thirty (30) days after posting by

Crossroads of a Notice of Termination of the service

agreement noticed pursuant to Section 35.4. A bid shall be

considered to be an offer to enter into a service agreement

that remains open until retracted in writing or until

Crossroads accepts a competing bid. To be a valid bid, a bid

must comply with the bid requirements set forth in Section

35.6 below. At the close of such bidding period, Crossroads

shall select among the valid bids the Best Bid, as determined

pursuant to Section 35.7 below, and shall relay the relevant

terms of such Best Bid to the Shipper whose long-term firm

service agreement is being terminated by Crossroads. If

Shipper elects to match, as determined by Section 35.8

below, the Best Bid, the Shipper shall be entitled to retain

its capacity and continue to receive service under a long-

term firm service agreement which reflects the matching of

the relevant terms of the Best Bid. If Shipper does not

match the Best Bid, then Shipper's existing long-term firm

service agreement shall terminate and Crossroads shall

have all necessary abandonment authorization under the

NGA. In the event there is no Best Bid for Shipper to match,

Section 35.9 shall determine whether Shipper shall be

entitled to retain its capacity and continue to receive

service.