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Second Revised Sheet No. 267 Second Revised Sheet No. 267 : Superseded

Superseding: First Revised Sheet No. 267

 

 

If the Prearranged Replacement Shipper

has not agreed to the maximum rate, term and

release quantities, the Offer to Release Capacity

will be posted in accordance with Subsection 10.5.

If Sabine does not receive a better bid by the bid

deadline, the Prearranged Bid shall be deemed the

best bid, and a Confirmation Letter must be

executed by the Prearranged Replacement Shipper in

accordance with this Section 10 and the terms of

Sabine's FERC Gas Tariff. If Sabine receives a

better bid by the bid deadline, the Prearranged

Replacement Shipper shall have two (2) business

days to match the terms of the better bid. If the

Prearranged Replacement Shipper matches the better

bid, the capacity shall be awarded to the

Prearranged Replacement Shipper and a Confirmation

Letter must be executed by the Prearranged

Replacement Shipper. If the Prearranged

Replacement Shipper fails to match the best bid,

the capacity will be awarded to the party making

the best bid in accordance with the terms

specified in Subsection 10.9.

 

b) Prearranged Releases Not Subject to Bidding

 

A Releasing Shipper may release its firm

capacity to a Prearranged Replacement Shipper for

a term of 31 days or less without prior posting or

bidding for the released capacity. The Releasing

Shipper and its Prearranged Replacement Shipper

shall notify Sabine of the terms of the

prearranged release. Sabine will post on its

Internet web site (web site) an announcement of

the release within forty-eight (48) hours after

the transaction commences. The Prearranged

Replacement Shipper must comply with the

prequalification requirements applicable to the

bid process and the creditworthiness requirements

of this Section 10. The Prearranged Replacement

Shipper shall also execute a Confirmation Letter

for the released capacity at the rate and for the

term specified in the aforementioned notice to

Sabine. Once the term of the release hereunder

has expired, the Releasing Shipper cannot rollover

or extend the release period, or re-release its