Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-258-000, Status: Effective

First Revised Sheet No. 166 First Revised Sheet No. 166

Superseding: Original Sheet No. 166

 

GENERAL TERMS AND CONDITIONS (Continued)

 

14.2 Initiation of the Assignment of Service Rights

 

(a) A Releasing Shipper may initiate the assignment of its

Service Agreement by posting a Release Notice in the form

prescribed by this Tariff on the IEC System. A Releasing

Shipper may withdraw its Release Notice at any time prior to

the close of the posting period where unanticipated

circumstances justify and no minimum bid has been made.

 

(b) In the Release Notice, the Releasing Shipper must specify

the (i) term, (ii) quantity, (iii) minimum rate, expressed

in dollars and cents or percent of maximum rate, if

applicable, the Releasing Shipper is willing to accept, (iv)

whether the assignment is subject to recall, including the

right of a partial day recall, and the applicable recall

conditions as well as reput methods and rights associated

with returning the previously recalled capacity to the

Replacement Shipper, and (v) for prearranged releases,

whether the release is to an asset manager or marketer

participating in a state-regulated retail access program, as

defined by FERC regulations at 18 C.F.R. Section 284.8. The

Releasing Shipper may specify further objective and

nondiscriminatory conditions in its Release Notice, such as

alternative economic criteria for evaluating bids which may

include highest rate, net revenues or present value, whether

volumetrically stated bids will be accepted, whether a

volumetric commitment is required, alternative methods for

breaking ties, whether contingent bids will be accepted and,

if so, the method by which contingent bids will be evaluated

and when the contingency must be removed, whether bids for a

portion of the capacity offered will be accepted; provided,

however, the Releasing Shipper may not specify conditions

which are in conflict with the Service Agreement, the

applicable Rate Schedule, or these General Terms and

Conditions.

 

(c) The Releasing Shipper may arrange for the assignment of its

Service Agreement to a Designated Replacement Shipper prior

to submitting its Release Notice to KPC. Such designated

Replacement Shipper must be on the approved bidders list and

shall acknowledge the release notice through the IEC system

as a prerequisite to the posting of the release notice.

However, the assignment will not become effective except as

provided in this Section 14.