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.