Millennium Pipeline Company, L. L. C.
Original Volume No. 1
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Effective Date: 11/01/2009, Docket: RP10-17-000, Status: Effective
First Revised Sheet No. 80 First Revised Sheet No. 80
Superseding: Original Sheet No. 80
GENERAL TERMS AND CONDITIONS
(Continued)
(2) If Shipper intends to exercise its right of first refusal as
described at paragraph (1) above, Shipper will notify Transporter
through Transporter's EBB of that intent at least six months before the
termination date of its Service Agreement.
(3) In the event that Shipper provides Transporter with a six-
month notice of intent to exercise its right of first refusal,
Transporter will promptly post on its EBB the information described in
Section 4.2 below, Transporter will begin accepting bids from any
prospective Shipper, for all or a portion (volume but not geographic
portion) of the service rights under the existing Shipper's long-term
Service Agreement, at least five months prior to the termination of such
Service Agreement, and for the posting time periods set forth in Section
4.2(a) below.
(4) If Transporter receives an offer for all or a portion
(volume but not geographic portion) of the service rights under
Shipper's long-term Service Agreement, that satisfies the minimum price
and terms specified by Transporter in its sole discretion as provided in
Section 4.2(a) below, Transporter, within two business days after the
last day for receiving offers, will notify Shipper through the EBB of
the offer having the greatest economic value to Transporter. For
purposes of comparing the respective values of offers that meet
Transporter's minimum terms and conditions under this section,
Transporter will evaluate all bids in accordance with the criteria set
forth at Section 4.2(c) below. If Shipper elects to match the offer,
Shipper will notify Transporter of such election through the EBB within
15 days after receiving Transporter's notice and must execute a new
Service Agreement matching the offer prior to the termination of the
existing long-term Service Agreement. The highest rate that Shipper
must match to continue such service is the Recourse Rate. If no
acceptable offers meeting Transporter's minimum terms are received,
Shipper may, consistent with the terms of this Tariff, continue to
receive service (i) on a month-to-month basis or for such other term and
rate agreed to by Transporter and Shipper, or (ii) at the applicable
Recourse Rate for a term to be specified by Shipper. Shipper continuing
under either (i) or (ii) retains its right of first refusal, if it is
under a Service Agreement with a term of 12 or more consecutive months
of service, at the applicable Recourse Rate for that service.