Iroquois Gas Transmission System, L.P.

FIRST REVISED VOLUME NO. 1

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Effective Date: 11/16/1997, Docket: RP98- 18-000, Status: Effective

First Revised Sheet No. 109 First Revised Sheet No. 109 : Effective

Superseding: ORIGINAL SHEET NO. 109

 

shall mean any Shipper that submits a bid pursuant to Section

29.6 (d) for all or a portion of the capacity to be made

available upon termination of a Long-Term Gas Transportation

Contract for Firm Reserved Service pursuant to this Section

29.

 

Election shall mean the notice that an Existing Shipper

provides Transporter, as prescribed in Section 29.6 (b), that

the Existing shipper intends to exercise its right of first

refusal upon termination of its Long-Term Gas Transportation

Contract for Firm Reserved Service.

 

shall mean the notification of a bid that an Offering Shipper

submits to Transporter, as prescribed in Section 29.6 (d), for

all or a portion of the capacity available as a result of

termination of a Long-Term Gas Transportation Contract for

Firm Reserved Service.

 

that Transporter determines, on a nondiscriminatory, objective

basis, is the best bid, as prescribed in Section 29.6 (h),

that Offering Shippers have offered for capacity available

under the terminating Long-Term Gas Transportation Contract

for Firm Reserved Service. If a bid is received for a

Negotiated Rate or Negotiated Rate Formula pursuant to Section

32 of these General Terms and Conditions, the value of the bid

shall be determined in accordance with the provisions of

Section 32 of the General Terms and Conditions and shall in no

event exceed the Recourse Rate.

 

shall mean the Best Bid that Transporter accepts and presents

to an Existing Shipper for the Existing Shipper to match under

the Bid Matching Procedures prescribed in Section 29.6(j).

 

Transportation Contracts for Firm Reserved Service and Gas

Transportation Contracts for Interruptible Service. Upon the

expiration of the contractual term of a Short-Term Gas

Transportation Contract for Firm Reserved Service or any Gas

Transportation Contract for Interruptible Service, Transporter

has pregranted authority to abandon service under the Contract

and Transporter shall have no further obligation to render

service under the Contract pursuant to Section 7(b) of the