Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

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Effective Date: 09/26/2005, Docket: RP05-582-000, Status: Effective

First Revised Sheet No. 227A First Revised Sheet No. 227A : Effective

Superseding: Sub Original Sheet No. 227A

 

GENERAL TERMS AND CONDITIONS

(continued)

 

4. ALLOCATION OF CAPACITY ENTITLEMENTS (continued)

 

(c) Replacement Customers who desire service to be

provided in whole or in part by the capacity posted

pursuant to Section 4.2(b) 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 4.2(b); 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 4.2(d). At the

close of such bidding period, Pipeline shall select

among the valid bids the "best bid(s)", as determined

pursuant to Section 4.2(e), and shall relay the

relevant terms of such "best bid(s)" to the Customer

whose capacity has been posted pursuant to Section

4.2(b) within 3 Business Days of the close of such

bidding period. If Customer elects to match, as

determined by Section 4.2(f), 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 4.2(g) shall determine whether Customer

shall be entitled to retain its capacity and continue

to receive service.

 

(d) To be a valid bid, the Replacement Customer must

provide all information and data required by Sections

3.1 and 3.3 of the GT&C. Pipeline may reject all bids

which would require Pipeline to discount below a

specified rate and/or for a discount period not

agreeable to Pipeline. In the event Pipeline agrees

to accept such a discounted rate that is less than the

applicable maximum tariff rate, Customer must submit a

discount request online via the LINK® System and

Pipeline must approve such request pursuant to the

provisions of Section 27 of the GT&C in order for such

rate to become effective.