Sabine Pipe Line Company LLC

Second Revised Volume No. 1

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Effective Date: 08/01/1998, Docket: RP98-265-000, Status: Effective

Second Revised Sheet No. 266 Second Revised Sheet No. 266 : Superseded

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, shall be tendered and executed by the

Replacement Shipper(s) prior to Sabine's nomination

deadline for the flow of gas utilizing the released

capacity.

 

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).

 

10.11 Prearranged Releases

 

a) Prearranged Releases Subject to Bidding

 

A Releasing Shipper may arrange for its own

Replacement Shipper. The Prearranged Replacement

Shipper must meet all of the requirements

established for bidders pursuant to this Section

10. If the Prearranged Replacement Shipper agrees

to pay the maximum reservation charge applicable

to the Releasing Shipper's service, for the full

released quantity and term offered by the

Releasing Shipper, and the Prearranged Replacement

Shipper satisfies all of the requirements of this

Section 10, the Prearranged Bid will be deemed the

best bid, and a Confirmation Letter must be

executed in accordance with this Section 10 and

the terms of Sabine's FERC Gas Tariff. Sabine

shall thereafter post on its Internet web site

(web site) the identity of the Prearranged

Replacement Shipper, and the terms upon which the

capacity was released.