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.