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. 109 Second Revised Sheet No. 109 : Effective

Superseding: First Revised Sheet No. 109

 

GENERAL TERMS AND CONDITIONS

 

 

18. CAPACITY RELEASE PROGRAM (Cont'd)

 

18.5 Selection of Replacement Shipper

 

(a) Riverside will accept the bid for firm service which

provides the greatest economic value, as defined by the

Releasing Shipper in accordance with Section 18.2(b)

or, if the Releasing Shipper does not specify a method of

determining economic value, the economic value will be

determined in accordance with Section 19.2, and

meets all the conditions placed upon the assignment by the

Releasing Shipper as provided for in Section 18.2(b),

provided that if the Releasing Shipper has permitted

contingent bids, the selection of a Replacement Shipper may

be delayed in accordance with the contingencies permitted in

the Release Notice. For purposes of determining the

economic value of competing bids, Riverside shall use the

contract term(s) bid, up to a maximum of twenty years. If

the bids of two or more Replacement Shippers provide the

same economic value and both meet all the conditions placed

upon the assignment, Riverside will tender the Service

Agreement to the Replacement Shipper who submitted its bid

first unless, in accordance with Section 18.2(b), the

Releasing Shipper has specified an alternative method for

breaking ties, in which event the method specified by the

Releasing Shipper shall be used.

 

(b) In the case of releases for 31 days or less, and subject to

the scheduling and confirmation requirement of Section 13,

Riverside shall select the winning bid so that Replacement

Shipper may flow gas within twenty-four (24) hours after

capacity is posted on the EBB provided that: (1) the bid

period specified by the Releasing Shipper (including any

matching period) is completed, or a prearranged deal not

subject to bidding is submitted, by 11:00 a.m. on a

Business Day, and (2) no contingencies are included in the

bid.