Discovery Gas Transmission LLC
Original Volume No. 1
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Effective Date: 11/10/1997, Docket: CP96-712-002, Status: Effective
Original Sheet No. 170 Original Sheet No. 170 : Effective
f. Failure to Match the Best Bid - If Shipper fails to
match the best bid within the time allowed by
Transporter, Shipper's existing FT-1 Service
Agreement will be automatically abandoned at the end
of the term set forth on the FT-1 Service Agreement,
or the quantity of the reduction under the FT-2
Service Agreement will be automatically abandoned at
the end of the applicable Contract Year.
Transporter will enter into a new FT-1 Service
Agreement with the potential Shipper(s) offering the
best acceptable bid(s). The potential Shipper(s)
must execute an FT-1 Service Agreement reflecting
the terms of its bid(s) within ten Business (10)
Days after it is provided by Transporter. If the
potential Shipper fails to execute and return the
FT-1 Service Agreement within the specified time,
the potential Shipper shall forfeit any rights it
may have had to the requested service and
Transporter shall retain the Prepayment submitted by
such potential Shipper(s). The capacity and service
will then be offered to the potential Shipper with
the next best acceptable bid for a period of one (1)
Business Day and the original Shipper will have the
opportunity to match such bid for a period of one
(1) Business Day.
g. Capacity for Which No Acceptable Bids are Received -
If Transporter fails to receive acceptable bids for
all of the posted capacity, then Transporter and
Shipper shall negotiate a rate and term for the
amount of capacity Shipper desires to retain, as set
forth in Shipper's notification to Transporter under
Subsection 12.3.a. above. If Shipper and
Transporter fail to negotiate acceptable terms of a
new FT-1 Service Agreement within ten (10) Business
Days, then the service for the affected capacity
will be automatically abandoned effective as of the
date of the expiration of the term of the original
FT-1 Service Agreement between Shipper and
Transporter, or the date of reduction under a FT-2
Service Agreement.