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.