Sabine Pipe Line Company LLC

Second Revised Volume No. 1

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Effective Date: 08/25/1997, Docket: RP97-425-000, Status: Effective

First Revised Sheet No. 273 First Revised Sheet No. 273 : Superseded

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, not to exceed five (5) years, 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,