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.