Ozark Gas Transmission, L. L. C.
First Revised Volume No. 1
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Effective Date: 11/16/2009, Docket: RP09-1040-000, Status: Effective
Original Sheet No. 148B Original Sheet No. 148B
GENERAL TERMS AND CONDITIONS (continued)
(j) In the event Transporter does not receive any bids pursuant
to Section 15.3(c) or Transporter rejects all bids received
due to the fact that such bids were premised on rate
discount levels or rate discount periods unacceptable to
Transporter, Transporter and Shipper may mutually agree upon
the terms and conditions under which Shipper shall be
entitled to retain its capacity and continue to receive
service. In no event shall Transporter and Shipper agree
upon terms which yield to Transporter a net present value
less than any bid received pursuant to Section 15.3(c) and
rejected by Transporter and in no event shall Transporter be
obligated to sell capacity at less than the maximum lawful
price for such capacity. In the event Transporter and
Shipper have not reached agreement on the terms and
conditions under which service will be extended, at
Shipper's election, such election to be exercised prior to
the date which is three (3) months before the termination
date, Transporter shall tender and Shipper shall execute
within twenty (20) days of receipt, a new Service Agreement
reflecting service for all or part of the contractual
quantity, so long as such Shipper agrees to pay the maximum
rate; provided, however, if Transporter and Shipper mutually
agree to a lower rate which yields to Transporter a net
present value equal to or greater than any bid received
pursuant to Section 15.3(c) and rejected by Transporter, the
Shipper does not have to pay the maximum rate to retain the
capacity.