Mississippi Canyon Gas Pipeline, LLC
First Revised Volume No. 1
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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective
Original Sheet No.118 Original Sheet No.118 : Effective
GENERAL TERMS AND CONDITIONS (cont'd)
18.6 Refund of Prepayment
Transporter shall refund to all parties whose bids were
either rejected by Transporter or superseded by
Shipper's election to match the best bid(s) the entire
amount of the required prepayment within thirty (30)
days of the earlier of (a) Transporter's rejection of
their bid(s) pursuant to Section 18.3 or (b)
Transporter's receipt of Shipper's notice of its
election pursuant to subsection 18.5(a).
18.7 No Best Bid(s)
In the event Transporter does not receive any bids for
Shipper's capacity or any bids which are acceptable to
Transporter, Shipper shall have the right to retain its
firm capacity at the maximum rate applicable thereto,
or any discount agreed to by Transporter, for an
additional term as requested by Shipper, not to exceed
five (5) years. If Shipper refuses to renew its
Transportation Service Agreement at the maximum rate,
absent an agreement by Transporter to discount, said
Transportation Service Agreement shall be subject to
pregranted abandonment on the effective date of
termination.
18.8 Shipper's Notice of Termination
If Shipper gives notice to terminate its Transportation
Service Agreement pursuant to the provisions contained
therein, said agreement shall be subject to pregranted
abandonment on the effective date of Shipper's
termination notice and the above provisions of this
Section 18 shall not apply.