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,