Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 02/23/2009, Docket: RP09-253-000, Status: Effective

First Revised Sheet No. 305 First Revised Sheet No. 305

Superseding: Original Sheet No. 305

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

Any minimum conditions set forth pursuant to 18E.1(o) shall

be posted with the Relinquishment Notice unless the

Relinquishing Shipper indicates in the Relinquishment Notice

that such minimum conditions are confidential in which event

Transporter shall indicate on the posted Relinquishment

Notice that minimum conditions exist. After capacity has

been awarded, Transporter shall post the terms of any

previously undisclosed minimum conditions.

 

3. Withdrawal of Eligible Capacity From Capacity Relinquishment Program

 

The Relinquishing Shipper has the right to withdraw its offer during the

bid period, where unanticipated circumstances justify and no valid minimum

bid has been made.

 

 

F. Open Season Bidding:

 

1. During the open season and bid submittal periods, all valid bids (excluding

bidders name) will be posted. Bids provided electronically must comply

with the provisions of Section 9.B. All bids will be binding until written

or electronic notice of withdrawal is received by Transporter. Invalid

bids will not be posted. At the close of the bidding period, any bid

received by Transporter shall be deemed to be a binding offer by the

prospective Acquiring Shipper to acquire capacity pursuant to the terms of

the bid. A Relinquishing Shipper will not be able to specify an extension

of the original bid period or the prearranged deal match period, without

posting a new release. Any prospective Acquiring Shipper who has satisfied

the creditworthiness pre-qualification requirements to Section 18I below,

may submit a bid with the following bid information;

 

a. The identity of the bidder, including contact person business

address, phone number and facsimile number;

 

b. The relinquishment under which the capacity is available and the

MDTQ separately stated by season;

 

c. The requested Primary Receipt Point(s) and the Primary Delivery

Point(s) and the quantity separately stated for each such point;

 

d. The rate bid on a reservation charge basis between the minimum and

maximum Reservation Charge (including any applicable reservation

type surcharges) for the rate schedule under which the capacity is

being offered for release (and/or the Reservation Charge rate for

Rate Schedule NNTS service, if applicable). In the event the

Relinquishing Shipper has allowed a volumetric release, the bids may

be converted into a volumetric charge. The maximum rate for such

volumetric releases is the maximum applicable reservation charge set

forth on Sheet Nos. 7 or 8 or 12, plus all applicable reservation

surcharges. Notwithstanding the above, no rate limitation shall

apply to a capacity relinquishment for a period of one year or less

if the relinquishment is to take effect on or before one year from

the date Transporter is notified of the relinquishment.

 

e. Any other conditions necessary to meet the terms of the

Relinquishing Shipper's Relinquishment Notice; and