Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 06/01/1997, Docket: RP97- 60-002, Status: Effective

First Revised Sheet No. 341 First Revised Sheet No. 341 : Effective

Superseding: Substitute Original Sheet No. 341

 

GENERAL TERMS AND CONDITIONS (continued)

 

(i) any objective, non-discriminatory bid evaluation method

(including a tie-breaking procedure) which Releasing Shipper

desires to utilize to determine the award of released storage

rights;

 

(j) whether the Releasing Shipper has made prior arrangements with a

person to release such storage rights ("Prearranged Bidder").

In such event the Releasing Shipper additionally shall submit:

 

(i) the identity of the Prearranged Bidder;

 

(ii) the term, MSQ, MDWQ, reservation and usage rates and

all other applicable rates, charges and surcharges to

which the Prearranged Bidder has agreed;

 

(iii) a statement that the Prearranged Bidder has agreed

unconditionally to accept the storage rights on the

terms prescribed in the Release Request;

 

(iv) evidence that the Prearranged Bidder meets the

creditworthiness requirement of Section 12.5(a), unless

the Releasing Shipper requests Transporter to waive the

application of such requirement for the Prearranged

Bidder and for other Bidders on a nondiscriminatory

basis and provides Transporter with a guarantee

satisfactory to Transporter of all financial

obligations of such Bidder as a Replacement Shipper

under its Released Storage Service Agreement prior to

the commencement of service.

 

(k) any other objective and nondiscriminatory conditions of the

release including (i) the disposition of storage balances upon

recall or termination of the release; (ii) whether Releasing

Shipper will require Replacement Shipper to indemnify Releasing

Shipper in connection with the release, and if so, the terms of

the indemnification; (iii) agency agreement requirements; (iv)

limitations or the preclusion of reassignments without notice to

and/or the consent of Releasing Shipper; or (v) if the Releasing

Shipper requests a posting time, Transporter shall support such

a request insofar as it comports with the standard timeline set

forth in Section 12.7 of this Article.