Panhandle Eastern Pipe Line Company, LP

THIRD REVISED VOLUME NO. 1

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Effective Date: 05/17/2009, Docket: RP09-517-000, Status: Effective

Second Revised Sheet No. 290 Second Revised Sheet No. 290

Superseding: First Revised Sheet No. 290

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(b) The posting will commence upon receipt of the Release

Notice; unless otherwise specified by the Releasing

Shipper.

 

15.4 Bidding For Capacity Releases

 

(a) Except as provided in Section 15.4(b), a party must bid

on the Messenger® system to accept release of the

Service Agreement under the conditions posted in

conjunction with a Release Notice. Bids must be

expressed in dollars and cents or percents of Maximum

Rate, whichever is stated in the Release Notice. The

maximum reservation rate that may be bid shall not

exceed the Maximum Rate for the applicable service being

released as set forth on the applicable currently

effective tariff sheets; provided, however, no rate

limitation applies to the release of capacity for a

period of one year or less if the release is to take

effect on or before one year from the date on which

Panhandle is notified of the release. In order to

submit a valid bid, any party, including a Designated

Replacement Shipper, must be on the approved bidders

list. To be on the approved bidders list, a party must

meet the provisions of Section 6 of these General Terms

and Conditions and must have executed a Capacity Release

Service Agreement with Panhandle in the form as set

forth in this Tariff (Capacity Release Service

Agreement). A party shall remain on the approved

bidders list until such party notifies Panhandle to the

contrary, no longer meets the credit qualifications in

Section 6.2 of these General Terms and Conditions or is

suspended from the approved bidders list in the event

and for such time as such party fails to pay part or all

of the amount of any bill for service in accordance with

Section 17 of these General Terms and Conditions.

 

(b) No bids are required for Service Agreements where the

Releasing Shipper notifies Panhandle in its Release

Notice that it has arranged for the release of its

Service Agreement to a Designated Replacement Shipper

that is on the approved bidders list and the capacity

release is one of the following:

 

(i) A capacity release for any period of thirty-one

(31) Days or less. A Releasing Shipper shall not

roll over, extend or in any way continue such

capacity release to the same Replacement Shipper

until 28 days after the first release period has

ended. This 28-day period does not apply to any

release to the same Replacement Shipper that is

posted for bidding or that qualifies for any of the

other exemptions from bidding set forth in Sections

15.4(b)(ii), (iii) or (iv) below.