Sabine Pipe Line Company LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-228-000, Status: Pending

Second Revised Sheet No. 266 Second Revised Sheet No. 266

Superseding: First Revised Sheet No. 266

 

bid, the bids will be ranked by means of a lottery, with all capacity

being allocated to the winner(s), unless the offer to release capacity

specifies a different tie breaker.

 

10.10 Award of Capacity and Posting of Bids

 

Upon determination and acceptance of the best bid(s), the winning

Replacement Shipper(s) will be notified in writing or electronically by

Sabine. Sabine will post notice on Sabine's Internet web site (web

site) that the capacity has been awarded. The notice will include the

Replacement Shipper's name(s) and the price, reservation quantity and

term of the best bid. A Confirmation Letter, incorporating the terms of

the accepted bid and requesting that the Replacement Shipper execute and

return the letter, shall be tendered by Sabine within one (1) hour of

award posting. If the Replacement Shipper(s) nominates gas flow

utilizing the released capacity prior to executing and returning the

Confirmation Letter to Sabine, such Confirmation Letter shall be deemed

executed by Replacement Shipper(s).

 

If no bids are submitted by the bid deadline, the Releasing Shipper's

Offer shall be removed from Sabine's Internet web site (web site).

 

Releases for any period of thirty-one (31) days or less, a release of

capacity for more than one year at the maximum tariff rate, a release to

an asset manager (as defined by FERC regulations at 18 C.F.R. §

284.8(h)(3)), or releases to a marketer participating in a state-

regulated retail access program (as defined by FERC regulations at 18

C.F.R. § 284.8(h)(4)), are exempt from advance posting and bidding set

forth in this Section 10. However, the Releasing Shipper must provide

the terms of such releases to Sabine for informational posting purposes

at the time of the release. When a capacity release for thirty-one (31)

days or less is exempt from posting and bidding requirements, a

Releasing Shipper may not rollover or extend the release unless it

complies with the posting and bidding requirements, and may not re-

release to the same Replacement Shipper using the thirty-one (31) days

or less bidding exemption until twenty-eight (28) days after the first

release period has ended.