Kentucky West Virginia Gas Company

Third Revised Volume No. 1

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Effective Date: 07/01/1993, Docket: RS92- 18-002, Status: Effective

Original Sheet No. 52 Original Sheet No. 52 : Superseded

 

GENERAL TERMS AND CONDITIONS (Continued)

 

 

25.11 Execution of Agreements

 

Pipeline's acceptance of a bid shall constitute a binding agree-

ment between Pipeline and the releasing customer under which the

releasing customer releases the capacity described in the

accepted bid and a binding agreement between Pipeline and the

replacement customer under which the replacement customer

acquires those rights of the releasing customer that are

described in the accepted bid. No later than one (1) business

day after awarding the capacity, Pipeline will provide the

replacement customer with a service agreement for the capacity

awarded. The replacement customer will be required to execute

and return to Pipeline a service agreement reflecting the terms

of the released capacity. The executed service agreement must be

returned to Pipeline within one (1) day after it is received or

the agreement will terminate. Once the service agreement has

been executed the terms of such agreement are not subject to

amendment. At the election of Pipeline, the releasing customer

shall promptly execute such further documents as may be

necessary to evidence its release of capacity. Pipeline shall

not be obligated to initiate service to the replacement customer

until all documents necessary to effectuate the release are

executed and returned to Pipeline.

 

25.12 Notice of Completed Transaction

 

Within two (2) business days after capacity has been awarded

pursuant to this Section and the service agreement has been

executed by the replacement customer, Pipeline will post a

notice of completed transaction containing the following

information:

 

(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 and whether it is subject

to recall.