Equitrans, L. P.

Original Volume No. 1

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Effective Date: 05/16/2010, Docket: RP10-616-000, Status: Effective

Third Revised Sheet No. 268 Third Revised Sheet No. 268

Superseding: Second Revised Sheet No. 268

 

GENERAL TERMS AND CONDITIONS (Continued)

 

21.4 Notice and Posting. At least one (1) year prior to the

expiration of a long term firm service agreement expiring

on or after January 1, 2004, Equitrans will serve on the

affected Customer a notice of termination advising the

customer of the pending termination of its agreement and

of the Customer's right to retain its service entitlement

by matching the rate and contract term bid by a competing

Customer. At least sixty (60) business days prior

to the expiration of all other long term firm service agreements,

Equitrans will serve on the affected Customer a notice of

termination advising the customer of the pending termination

of its agreement and of the Customer's right to retain its

service entitlement by matching the rate and contract term bid

by a competing Customer. At the same time, Equitrans will

post the available capacity on Equitrans' EBB System and EDI,

including the quantity available, receipt and delivery points and

maximum applicable rate. The notice will remain posted for thirty

(30) days, until the end of the bidding period.

 

21.5 Bidding. Potential Customers interested in acquiring the

service must submit offers to contract for all or part of the

available capacity by 5:00 p.m. thirty (30) business days

after the capacity is posted to Equitrans' EBB System and EDI. To

be valid, a bid must provide all information and data required by

Sections 6.2 and 6.3 of Equitrans' General Terms and Conditions.

In addition, the potential Customer must provide a refundable

prepayment equal to one month's demand charge based on the quantity

desired and the requested price.

 

21.6 Best Bid. At the close of the bidding period, Equitrans will

evaluate all bids received for completeness, rate

acceptability and creditworthiness, and will choose the offer

it will accept if the existing Customer chooses not to match

the offer ("the best bid"). For purposes of this Section, the

best bid shall be the bid which offers the maximum applicable

rate for the full term of the bid. If no bidder offers the maximum

rate for the full term of the bid, Equitrans may select the best

bid based on the maximum revenue over the minimum term of the bid.

However, Equitrans shall not be required to accept any offer at

less than the maximum rate.