Midwestern Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 08/01/2004, Docket: RP04-402-000, Status: Effective

First Revised Sheet No. 248 First Revised Sheet No. 248 : Effective

Superseding: Original Sheet No. 248

 

GENERAL TERMS AND CONDITIONS

 

 

16. ELECTION OF RIGHT-OF-FIRST REFUSAL AND EXTENSION OF LONG TERM FIRM SERVICE AGREEMENTS

(Continued)

 

16.3 Extension of Less Than One Year (Continued)

 

(c) Within 5 days of the close of the Bidding Period, Company shall notify

Shipper of the Bid meeting all the criteria in Section (a) hereof that has

the highest present value to Company ("Highest Bid"). Shipper shall have

25 days after receiving notice to notify Company as to whether it will

match the Highest Bid. If the Shipper elects to match the Highest Bid, it

must execute a new service agreement that contains the terms of that Bid

prior to the termination of its existing long term firm service agreement;

provided, however, that Shipper shall not be required to pay any rate

higher than the maximum applicable rate.

 

(d) If Company receives no qualifying Bids on the capacity, then Shipper may

continue to receive service at the maximum rate or such other rate as

Company and Shipper mutually agree. A Shipper paying the maximum rate may

determine the term of the extended service. If such a term is one year or

more, a Shipper who continues service under such basis shall retain its

right of first refusal.

 

17. (RESERVED FOR FUTURE USE)