Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 06/01/2000, Docket: RP00-271-000, Status: Effective

First Revised Sheet No. 129 First Revised Sheet No. 129 : Effective

Superseding: Original Sheet No.129

 

GENERAL TERMS AND CONDITIONS (cont'd)

 

19.6 Offer and Bid Procedures (d) - (cont'd)

 

bid or a matching of a bid by a prearranged ACQUIRING SHIPPER,

Transporter shall not be obligated to provide services with

respect to any capacity to be released pursuant to the

RELEASING SHIPPER's Offer to any party having submitted a

bid or having attempted to match a bid until such dispute

has been fully resolved. In this case the RELEASING

SHIPPER shall remain liable to Transporter for all

obligations under its transportation agreements including

those associated with the capacity the RELEASING SHIPPER

sought to release to the prearranged ACQUIRING SHIPPER

until the dispute is, in the judgment of the Transporter,

resolved.

 

Transporter shall post on its Interactive Internet

Website the winning bid and the identity of the

winning bidder pursuant to Section 19.9. In the

event of a dispute with respect to such bid or the

matching of such bid, Transporter shall indicate

the existence of such dispute but shall not post

the identity of the winning bidder until the

dispute is fully resolved.

 

(e) Prequalified Bidder Requirements:

 

(i) All parties desiring to bid on firm capacity

offered by a RELEASING SHIPPER must be

prequalified by Transporter as creditworthy

in order to be eligible to submit a bid on an

Offer of released capacity. Unless

Transporter agrees it has determined the

bidder to be creditworthy or to have suitable

credit on file with Transporter, the

potential bidder must submit to Transporter

the information set forth in Rate Schedules

FT-1 or FT-2 to enable Transporter to

determine the party's creditworthiness. A

bidder's creditworthiness shall be assessed

on the same basis as a Shipper's

creditworthiness under the terms of Rate

Schedules FT-1 or FT-2. If the potential

bidder fails to demonstrate