Riverside Pipeline Company, L. P.

First Revised Volume No. 1

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Effective Date: 07/07/1995, Docket: RP95-382-000, Status: Effective

Second Revised Sheet No. 108 Second Revised Sheet No. 108 : Effective

Superseding: First Revised Sheet No. 108

 

GENERAL TERMS AND CONDITIONS

 

 

18. CAPACITY RELEASE PROGRAM (Cont'd)

 

18.4 Bidding For Assignments

 

(a) Any party on Riverside's approved bidder list may bid to

accept assignment of the Service Agreement under the

conditions posted in conjunction with a Release Notice.

To qualify for the approved bidder list, a party must:

(1) satisfy the eligibility criteria set forth in

Section 11, including the credit standards set forth in

Section 11.4, except for the prepayment provision of

11.1(a); (2) execute the Capacity Release Master Agreement

in the form contained in Riverside's tariff; and (3) agree

to be contractually bound by its bid if accepted by

Riverside.

 

(b) No bids will be accepted for Service Agreements where the

Releasing Shipper notifies Riverside in its Release Notice

that it has arranged for the assignment of its Service

Agreement to a Designated Replacement Shipper which has

agreed to pay the applicable maximum rate for the service

and which has agreed to all other conditions applicable to

the assignment, or for assignments made to a Designated

Replacement Shipper which has agreed to a term for the

assignment of 31 days or less. Bids to accept assignment

of the Service Agreement must specifically identify any

contingencies and may be made through the EBB System, once

operational. Until the EBB is operational, bids shall be

made by facsimile or hand delivery.

 

(c) A party may submit only one bid at a time in response to a

Release Notice. Once a party has submitted a bid, it may

withdraw the bid at any time prior to the close of the

posting period specified in Section 18.3(c) without

prejudice to its submitting another bid with an economic

value equal to or greater than the economic value of the

withdrawn bid. Bids to accept assignment will be posted

openly on the EBB System (once operational) with any

contingencies identified and with the bidder's identity

deleted.