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.