Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-70-000, Status: Effective

Fourth Revised Sheet No. 537 Fourth Revised Sheet No. 537

Superseding: Third Revised Sheet No. 537

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

amount of any bill for service provided when such amount is due in

accordance with Section 10 of the General Terms and Conditions. Any

Customer will have the right to withdraw its Customer's Notice any time

prior to the close of the Bid Period associated with such Customer's

Notice, provided the withdrawal of such Customer's Notice must be solely

in order to remedy an unanticipated need for such capacity and provided

that no bid meeting the minimum conditions specified by Customer pursuant

to Section 3.14(D)(1)(h) has been made. The Customer's Notice will be

legally binding on Customer until written or electronic notice of

withdrawal is received by Pipeline. The reason for withdrawal must be

submitted to Pipeline for posting.

 

(3) Obligations of Replacement or Prearranged Customers

 

(a) Replacement and Prearranged Customers must be on Pipeline's approved

bidder list before bids may be posted on the LINK® System. To be on

the approved bidders list, the Replacement or Prearranged Customer

must have an executed Capacity Release Umbrella Agreement, and must

satisfy Pipeline's credit requirements as outlined in Section 3.3 of

Pipeline's General Terms and Conditions at the time of any bid. In

addition, the Replacement or Prearranged Customer must provide the

information required by Section 3.2 of the General Terms and

Conditions. Pipeline will waive the creditworthiness requirement on

a non-discriminatory basis for Replacement and Prearranged Customers

and permit them to submit bids, if the Releasing Customer provides

Pipeline with a guarantee or other form of credit assurance in form

and substance satisfactory to Pipeline of all financial obligations

of the Replacement or Prearranged Customer with respect to the

capacity being released by Releasing Customer prior to the

commencement of service to the Replacement or Prearranged Customer.

Such credit appraisal shall be reevaluated and updated as outlined

in Section 3.4(C). The Replacement or Prearranged Customer shall

remain on the approved bidders list until such Replacement or

Prearranged Customer notifies Pipeline to the contrary, no longer

meets the credit qualifications established in Section 3.3 of the

General Terms and Conditions, or is suspended from the approved

bidders list in the event, and for such time as, such Replacement or

Prearranged Customer fails to pay part or all of the amount of any

bill for service in accordance with Section 10 of the General Terms

and Conditions. The Replacement or Prearranged Customer must

satisfy all other Pipeline tariff provisions governing Customer

eligibility before it may contract with Pipeline for the released

capacity.