Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 09/01/1998, Docket: CP96-655-003, Status: Effective

Original Sheet No. 104 Original Sheet No. 104 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 18.4(a) (continued)

 

submitted and not withdrawn by the end of the bid period will

legally bind the bidder to the terms of the bid if COMPANY

chooses such bid as the "best bid" under Section 18.6(h)

below. Bids shall be binding until written or electronic

notice of withdrawal is received by the capacity release

service provider. Once a bid on an Offer for a Permanent

Release of capacity under Section 18.3(a) is accepted, the

ACQUIRING SHIPPER shall execute an amendment to its Service

Agreement with the COMPANY to utilize the capacity under the

terms set forth in the accepted bid and the terms and

conditions of the COMPANY's FERC Gas Tariff applicable to the

capacity released. Before an ACQUIRING SHIPPER may execute

an amended Service Agreement with COMPANY to utilize released

firm capacity, the ACQUIRING SHIPPER must satisfy all of the

COMPANY's requirements relating to the Rate Schedule under

which the capacity has been released. Once a bid on an Offer

for a Temporary Release of capacity under Section 18.3(b) is

accepted, COMPANY will issue an Addendum to the Service

Agreement to reflect the terms of the bid, and the ACQUIRING

SHIPPER agrees that the Addendum to its Service Agreement

provided by COMPANY shall be binding and no further execution

thereof shall be required. Once the ACQUIRING SHIPPER

electronically executes its amended Service Agreement

resulting from a Permanent Release or COMPANY provides the

ACQUIRING SHIPPER an Addendum to its Service Agreement, the

ACQUIRING SHIPPER becomes an existing SHIPPER with separate

firm contract quantities like any other SHIPPER and is

subject to the applicable provisions of COMPANY's FERC Gas

Tariff, including but not limited to COMPANY's billing and

payment and operational provisions.