Sabine Pipe Line Company LLC
Original Volume No. 1
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Effective Date: 01/01/2009, Docket: RP09-184-000, Status: Effective
First Revised Sheet No. 273 First Revised Sheet No. 273
Superseding: Original Sheet No. 273
for the month after the effective termination date of the Firm Service
Agreement.
The posting will include the primary points of receipt and delivery, the
available Maximum Daily Reservation Quantity and the Maximum Daily
Quantity for each Primary Point, the termination date of the firm
contract, and the applicable maximum rate.
11.3 Bidding On Capacity
Upon posting of available capacity, Sabine shall receive bids in writing
from eligible bidders who have executed a Form of Service Agreement
Applicable to Temporary Firm Transportation Service Pursuant to Award of
Released Capacity. Bids must be submitted on Sabine's "Bid for Released
Firm Capacity" form, as prescribed in Section 10 of this FERC Gas
Tariff, and must be received by Sabine no later than 9:00 a.m. Central
Time on the bid deadline date. Sabine will post the relevant terms of
all eligible bids, other than the bidder's name, one Business Day after
each bid is received by Sabine. Sabine will determine the best bid in
accordance with the Capacity Release provisions set forth in Section 10
of the General Terms and Conditions.
11.4 Right of First Refusal
If the right of first refusal applies, Sabine will notify an existing
Shipper of the best bid received which Sabine is willing to accept.
Shipper must provide Sabine written notification, which may be
transmitted by facsimile or other similar electronic means, that it
intends to exercise its right of first refusal. Shipper shall have a
specified time, but not less than five (5) Business Days, within which
Shipper must match the best bid. In order to match the best bid,
Shipper must agree to pay a rate up to the maximum rate, for a contract
term that will provide Sabine at least the same net present value,
calculated in accordance with Section 10.9 of the General Terms and
Conditions. If Shipper matches the best bid, Sabine and Shipper will
enter into a new Service Agreement,