Phillips Gas Pipeline Company

First Revised Volume No. 1

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Effective Date: 06/01/1993, Docket: RS92- 47-003, Status: Effective

Original Sheet No. 61 Original Sheet No. 61 : Effective

 

to be held as a consequence of the posting by a

Releasing Shipper of its election to release capacity

in accordance with this Section 21.4 shall not be

required for the following transactions: (i) a

prearranged release that is for the maximum rates

under this First Revised Volume No. 1 Tariff as in

effect from time to time; (ii) a prearranged release,

for a term of less than one (1) calendar month,

unless requested by the Releasing Shipper; and (iii)

a prearranged release that meets all other terms

and conditions determined by the Releasing

Shipper. Releasing Shippers may post prearranged

deals to determine if another Potential

Replacement Shipper would offer better terms and

conditions. All other releases shall be subject to an

open season requirement in accordance with the

following criteria:

 

(1) For capacity to be released for a term of not

more than three (3) calendar months an

open season of three (3) business days shall

be held commencing at least seven (7)

business days prior to the effective date of

the release. If the released capacity was

subject to a prearrangement and the open

season results in a higher bid as determined

under Section 21.6, PGPL shall notify the

Prearranged Replacement Shipper via

telephone of such higher bid and said

Prearranged Replacement Shipper shall then

have two (2) business days after posting the

best bid to match such higher bid.

 

(2) For capacity to be released for a term of

more than three (3) calendar months but not

more than two (2) years, an open season of

two (2) weeks shall be held commencing at

least six (6) weeks prior to the effective date

of the release. If the released capacity was

subject to a prearrangement and the open

season results in a higher bid as determined

under Section 21.6 PGPL shall notify the

Prearranged Replacement Shipper via

telephone of such higher bid and said

Prearranged Replacement Shipper shall have

ten (10) business days after posting the best

bid to match such higher bid.