Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 01/31/2003, Docket: RS93- 1-001, Status: Effective

Original Sheet No. 322 Original Sheet No. 322 : Superseded

 

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

30. PREGRANTED ABANDONMENT (continued)

 

30.2 Long Term Contracts (continued)

 

right to continued service as of the effective date of

Transporter's notice of termination. In the event of

termination, Transporter shall have all necessary aban-

donment authorization under the Natural Gas Act. Howev-

er, a Shipper agreeing to pay the maximum rate is enti-

tled to continue service for whatever term it chooses.

 

30.3 Notice and Posting: At least sixty (60) business days

prior to the expiration of a long term firm transporta-

tion contract, Transporter will serve on the affected

Shipper a notice of termination advising the Shipper of

the pending termination of its agreement and of the

Shipper's right to retain its service entitlement by

matching the rate and contract term bid by a competing

Shipper. At the same time, Transporter will post the

available capacity on its electronic bulletin board,

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.

 

30.4 Bidding: Potential Shippers interested in acquiring the

service must submit offers to contract for all or part

of the available capacity by 5 p.m. thirty (30) business

days after the capacity is posted to the electronic

bulletin board. To be valid, a bid must provide all

information and data required by Article 25 of

Transporter's General Terms and Conditions. In addi-

tion, the potential Shipper must provide a refundable

prepayment equal to one month's reservation charge based

on the quantity desired and the requested price.