Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 02/01/2008, Docket: RP08-174-000, Status: Effective

Original Sheet No. 125 Original Sheet No. 125 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

and shall execute a new Service Agreement matching the

offer prior to the termination of the Long-Term

Agreement. If Shipper elects not to match the offer,

KPC will tender a Service Agreement to the prospective

Shipper submitting the offer having the greatest

economic value. If the Service Agreement is not

executed within 30 days, the request for service

rights shall expire without prejudice to the

prospective Shipper's right to submit a new request

for service rights. KPC shall then notify the Shipper

in writing of the acceptable offer, if any, having the

next greatest economic value in accordance with the

provisions of this Section 7.2(b)(iv). If there is no

other acceptable offer, the Shipper may continue

service in accordance with Section 7.2(b)(v).

 

(v) If no acceptable offers are received, then Shipper may

continue to receive service under a new Long-Term

agreement with any term Shipper chooses, at the

applicable maximum rate or at a lesser rate agreed to

by KPC and Shipper.

 

(vi) KPC shall post the winning bid and bidder on the IEC

System for ninety (90) Days whether or not the bidder

executes a Service Agreement.

 

(c) If a Long-Term Agreement is not continued in accordance with

Section 7.2(a) above, such Agreement shall terminate as

specified therein.

 

7.3 KPC shall not be obligated to tender, execute or continue a

Service Agreement for service at any rate less than the maximum

rate set forth in the effective tariff sheets applicable to the

service requested. It shall be KPC's sole discretion to tender,

execute or continue a Service Agreement at any rate less than the

applicable maximum rate for the service requested. KPC and Shipper

must agree to any rate requested at less than the applicable

maximum rate before KPC becomes obligated to tender, execute or

continue a Service Agreement for firm service at any rate less

than the applicable maximum rate.