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. 170 First Revised Sheet No. 170

Superseding: Original Sheet No. 170

 

GENERAL TERMS AND CONDITIONS (continued)

 

14.5 Selection of Replacement Shipper

 

(a) The Addendum to the Capacity Release Service Agreement will

be provided within the time period specified in Section 14.3

to the Replacement Shipper whose bid provides the greatest

economic value, as defined by the Releasing Shipper in

accordance with Section 14.2(b) or, if the Releasing Shipper

does not specify a method of determining economic value, the

economic value will be determined by utilizing the present

value, and whose bid meets all the conditions placed upon

the assignment by the Releasing Shipper as provided for in

Section 14.2(b), provided that if the Releasing Shipper has

permitted contingent bids, the selection of a Replacement

Shipper may be delayed in accordance with the contingencies

permitted in the Release Notice. If the bids of two or more

Replacement Shippers provide the same economic value and

both meet all the conditions placed upon the assignment, KPC

will tender the Addendum to the Capacity Release Service

Agreement to the Replacement Shipper who submitted its bid

first unless, in accordance with Section 14.2(b), the

Releasing Shipper has specified an alternative method for

breaking ties, in which event the method specified by the

Releasing Shipper shall be used. If there are multiple bids

meeting the minimum conditions, KPC shall rank the bids and

award the bids, best bid first, until all offered capacity

is awarded.

 

(b) If the Releasing Shipper has notified KPC in the Release

Notice that it has arranged a Designated Replacement Shipper

who has agreed to pay less than the posted tariff maximum

rate for the service, if applicable, and no party submits a

bid for the assignment providing greater economic value, KPC

will provide the Addendum to the Capacity Release Service

Agreement to the Designated Replacement Shipper for

execution.

 

(c) If the Releasing Shipper has notified KPC in the Release

Notice that it has arranged a Designated Replacement Shipper

who has agreed to pay less than the posted tariff maximum

rate for the service, if applicable, the Designated