Tuscarora Gas Transmission Company
First Revised Volume No. 1
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Effective Date: 07/01/2009, Docket: RP09-8-002, Status: Effective
Substitute Original Sheet No. 166 Substitute Original Sheet No. 166
Superseding: Original Sheet No. 166
GENERAL TERMS AND CONDITIONS
27. PREGRANTED ABANDONMENT & THE RIGHT OF FIRST REFUSAL (Continued)
27.5 Right of First Refusal. (Continued)
(h) Bid Matching Procedure. If Transporter accepts any bid(s) for purposes
of this Bid Matching Procedure, Transporter will inform the Existing
Shipper of the terms of the Competing Offer(s). Within thirty (30)
calendar days of receiving the terms of the Competing Offer(s), the
Existing Shipper must notify Transporter whether the Existing Shipper
agrees to match the Competing Offer(s) in order of economic value
(highest to lowest), provided that the original capacity holder shall
not have to match any bid rate higher than the maximum applicable rate.
Failure to notify Transporter within the 30-day period shall constitute
an irrevocable waiver of the Existing Shipper's Right of First Refusal
with respect to the Competing Offer. To match the Competing Offer(s),
the Existing Shipper must match the NPV of the Competing Offer based
upon price and term. If the Existing Shipper agrees to match a
Competing Offer, Transporter will provide transportation service to the
Existing Shipper upon execution of a Transportation Service Agreement
containing the terms specified in the Competing Offer. If the Existing
Shipper elects not to match the Competing Offer, Transporter has
pregranted authority to abandon that service and Transporter shall have
no further obligation to render service under the Existing Shipper's
Transportation Service Agreement pursuant to Section 7 (b) of the
Natural Gas Act. Transporter will provide transportation service to
the Shipper that offered the Competing Offer upon execution of a
Transportation Service Agreement containing the terms agreed upon in
the Competing Offer. Transporter will post the terms of the accepted
offer on its Internet website.