Transcontinental Gas Pipe Line Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 12/31/2008, Docket: RP09-158-000, Status: Effective

Original Sheet No. 462 Original Sheet No. 462

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

43. SYSTEM MANAGEMENT GAS (Continued)

 

43.3 Potential sellers and buyers of gas may submit bids via 1Line. Transporter shall

determine in its sole discretion the best offer(s), based on the posted criteria in

Section 43.2 (g) herein. Additionally, Transporter shall post the amount and volume

of any successful bids made by any affiliate of Seller within three (3) business days

of the award of such successful bid. Transporter reserves the right to reject all

offers.

 

43.4 All parties wishing to bid on the posted purchase or sale must:

 

(a) be pre-approved as meeting Seller's credit worthiness requirements in accordance

with Section 32 of the General Terms and Conditions of Seller's Volume No. 1

Tariff; and

 

(b) have a current, executed transportation Service Agreement(s) to deliver gas to or

receive gas from the respective location of purchase or location of sale.

 

43.5 Any costs incurred or revenues received in association with Transporter's System

Management Gas program shall be accounted for as part of Seller's imbalance Cash Out

program, pursuant to Section 15 herein.

 

 

44. EXTENSION OF SERVICE AGREEMENT

 

Prior to the expiration of the term of a Part 284 service agreement and prior to Seller's

posting the availability of capacity under Seller's Right of First Refusal provisions, if

applicable, Seller and Buyer may mutually agree to an extension of the term of the service

agreement (the exact length of which is to be negotiated on a case-by-case basis, in a not

unduly discriminatory manner).