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

Original Sheet No. 537.01 Original Sheet No. 537.01

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(b) Any bid submitted for released capacity pursuant to

Section 3.14(B) may state that its acceptance is

contingent; provided, the Customer's Notice allows the

submission of contingent bids pursuant to Section

3.14(D)(1)(j). Any Replacement Customer may make an

upward revision to or withdraw its bid during the Bid

Period through the LINK® System or, where applicable,

through electronic data interchange; provided,

Pipeline will allow any Prearranged Customer to match,

in accordance with Section 3.14(B), the "best bid"

after the close of the Bid Period; however, if

Replacement Customer submits more than one bid for the

same capacity, the lower bid will automatically

expire. Replacement Customer shall not have the

opportunity to use its ability to withdraw its bid in

order to submit a lower bid. Bids will be legally

binding on the Replacement or Prearranged Customer

until electronic notice of withdrawal is received by

the Pipeline, provided, however bids cannot be

withdrawn after the Bid Period ends. Any bid

submitted will legally bind the Replacement or

Prearranged Customer to the terms of the bid if

Pipeline chooses such bid as the "best bid". Any bid

submitted by a Replacement or Prearranged Customer

shall include an e-mail address for at least one

contact person and it is the Customer's responsibility

to update e-mail address information provided to

Pipeline as necessary.

 

(c) Once the Replacement or Prearranged Customer is

provided with an Addendum to the Capacity Release

Umbrella Agreement with Pipeline, the Replacement or

Prearranged Customer becomes an existing Customer like

any other Customer and is subject to the applicable

provisions of Pipeline's FERC Gas Tariff, including

but not limited to Pipeline's billing and payment and

operational provisions. In addition, the Replacement

or Prearranged Customer as an existing Customer may

also release its capacity pursuant to this section,

including capacity release under this Section 3.14,

subject to the re-release rights specified by

Releasing Customer pursuant to Section 3.14(D)(1)(m)

above.