Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 11/16/2009, Docket: RP10-53-000, Status: Effective

Third Revised Sheet No. 527 Third Revised Sheet No. 527

Superseding: Second Revised Sheet No. 527

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(2) If Customer satisfies the bid matching requirements of this Section 3.13(B),

such Customer may retain its capacity with respect to any capacity under a

Service Agreement which qualifies as a ROFR Agreement and which is to be

unsubscribed as a result of (i) the expiration of the contracted term, (ii) the

partial reduction of service levels, either pursuant to any contractual right

for such reduction or pursuant to this Section 3.13(B), or (iii) the termination

by either Customer or Pipeline of the service agreement, and continue to

receive firm service under a new service agreement.

 

(3) Eleven (11) Months prior to the effective date of the partial reduction pursuant

to a ROFR Agreement or the termination of a ROFR Agreement, Pipeline shall post

on the LINK® System and the Web site the following information:

 

(1) the specific quantity available under the service agreement to be

terminated,

(2) Point(s) of Receipt and Point(s) of Delivery,

(3) the date of expiration,

(4) the current maximum rate applicable to the service agreement to be

terminated.

 

(4) Replacement Customers who desire service to be provided in whole or in part by

the capacity posted pursuant to Section 3.13(B)(3) must submit bids for such

capacity as described in the applicable posting no later than the last day of

the fourth Month following the Month in which Pipeline posts an applicable

notice pursuant to Section 3.13(B)(3); commencing January 1, 2006, such bids

must be submitted online via the LINK® System. To be a valid bid, a bid must

comply with the bid requirements set forth in Section 3.13(B)(5). At the close

of such bidding period, Pipeline shall select among the valid bids the "best

bid(s)", as determined pursuant to Section 3.13(B)(6), and shall relay the

relevant terms of such "best bid(s)" to the Customer whose capacity has been

posted pursuant to Section 3.13(B)(3) within 3 Business Days of the close of

such bidding period. If Customer elects to match, as determined by Section

3.13(B)(7), the "best bid(s)", the Customer shall be entitled to retain its

capacity and continue to receive firm service under a new service agreement

which reflects the matching of the relevant contractual provisions of the "best

bid(s)". If Customer does not match the "best bid(s)", then Customer's right of

first refusal for the capacity shall terminate and Pipeline shall have all

necessary abandonment authorization under the Natural Gas Act. In the event

there is no "best bid(s)" for Customer to match, Section 3.13(B)(8) shall

determine whether Customer shall be entitled to retain its capacity and continue

to receive service.

 

(5) To be a valid bid, the Replacement Customer must provide all information and

data required by Sections 3.2 and 3.3 of the General Terms and Conditions.