Canyon Creek Compression Company
Third Revised Volume No. 1
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Effective Date: 07/23/2001, Docket: RP01-460-000, Status: Effective
Second Revised Sheet No. 169 Second Revised Sheet No. 169 : Effective
Superseding: First Revised Sheet No. 169
GENERAL TERMS AND CONDITIONS
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(3) The original Shipper shall have two (2) weeks to
notify Canyon whether or not it desires to match the best bid. To
match the best bid, the original Shipper must agree to a price (up to
the applicable maximum rate or Recourse Rate) and a term (up to five
years) which at least equals the bid on all or any portion of the
service the original Shipper desires to retain; provided, however,
that if the original Shipper seeks to retain only a portion of its
MDQ, the analysis of whether the original Shipper has matched the best
bid may take into account the MDQ requested under the best bid
relative to the MDQ the original Shipper seeks to retain. The
original Shipper may provide a counteroffer which contains either a
higher price than the best bid or a longer term than the best bid to
offset a shorter term or a lower price than that offered in the best
bid. Canyon shall determine whether such a counteroffer constitutes a
match, utilizing the same criteria as were applied to determine the
best bid.
(e) (1) If the original Shipper matches the best bid, it
shall be entitled to continuation of service and shall be obligated to
sign an Agreement tendered by Canyon which reflects the best bid or
any counteroffer by the original Shipper which matches such best bid.
(2) If the existing Shipper fails to match the best
bid, the existing Agreement shall terminate at the end of its term and
service to the existing Shipper shall be automatically abandoned.
(3) Submission of a bid shall be binding on the
bidder. The bidder submitting the best bid shall be obligated to sign
an Agreement reflecting its bid if the original Shipper fails to
match. Nothing herein shall preclude negotiation of a more acceptable
Agreement by mutual consent of Canyon and such bidder; provided,
however, that service may not be agreed upon under terms and
conditions less favorable to Canyon than the best bid without
providing the original Shipper an additional opportunity to match such
revised terms and conditions.