Granite State Gas Transmission, Inc.

Fourth Revised Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-322-000, Status: Effective

Original Sheet No. 132 Original Sheet No. 132

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

27. PREGRANTED ABANDONMENT (Continued)

 

27.2 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 abandonment authorization

under the Natural Gas Act. However, a Shipper agreeing to pay the

maximum rate is entitled to continue service for whatever term it

chooses.

 

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

to the expiration of a long term firm transportation 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 IWS, 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.

 

27.4 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 IWS. To be valid, a bid must provide

all information and data required by Article 25 of Transporter's

General Terms and Conditions. In addition, the potential Shipper

must provide a refundable prepayment equal to one month's

reservation charge based on the quantity desired and the requested

price.