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. 278 Third Revised Sheet No. 278
Superseding: Second Revised Sheet No. 278
GENERAL TERMS AND CONDITIONS (Continued)
(iii) If more than one valid bid is received and none
offers the maximum applicable rate for the maximum
term, Equitrans will award the capacity to the bid
offering the maximum revenue over the minimum term of
(iv) If two or more equal bids are received, Equitrans
will award the capacity on the basis of the tie-
breaker criteria provided by the Releasing Customer.
If no tie-breaker criteria are provided by the
Releasing Customer then capacity will be awarded on
the basis of a lottery. The lottery will be
conducted by Equitrans in a nondiscriminatory manner
and capacity shall be awarded on the basis of an
all or nothing draw.
b. Posting of Awarded Capacity. The released capacity will be
awarded and posted on Equitrans' EBB System and EDI in
accordance with the time line set forth in Paragraph 22.7 c.
The notice of the award will contain the following
(i) Term of release;
(ii) Price(s) as bid;
(iii) Primary receipt and delivery points;
(iv) Quantity in Dth;
(v) Whether the capacity is firm or firm recallable; and
(vi) The name of the Replacement Customer and whether the
Replacement Customer is affiliated with the Releasing
22.10 Right of First Refusal. In the case of a prearranged bid, if
the bid submitted by a subsequent Bidder exceeds the value of
the bid submitted by the Prearranged Replacement Customer,
the Prearranged Replacement Customer will be given the
opportunity to match the terms of the subsequent bid in accordance
with the time line set forth in Paragraph 22.7 c.