Riverside Pipeline Company, L. P.

First Revised Volume No. 1

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Effective Date: 10/01/1993, Docket: RS92- 48-001, Status: Effective

Original Sheet No. 110 Original Sheet No. 110 : Effective

 

 

GENERAL TERMS AND CONDITIONS

 

 

18. CAPACITY RELEASE PROGRAM (Cont'd)

 

18.5 (b) If the Releasing Shipper has notified Riverside in the

Release Notice that it has arranged a Designated Replacement

Shipper who has agreed to pay less than the applicable

maximum rate for the service, and no party submits a bid for

the assignment providing greater economic value, Riverside

will tender a Service Agreement to the Designated

Replacement Shipper for execution.

 

(c) If the Releasing Shipper has notified Riverside in the

Release Notice that it has arranged a Designated Replacement

Shipper who has agreed to pay less than the applicable

maximum rate for the service, the Designated Replacement

Shipper may match the bid that has the greatest economic

value by executing a Service Agreement that matches the

terms of the bid providing the greatest economic value

within the time period specified by the Releasing Shipper

or, if not so specified, within one (1) Business Day after

Riverside tenders the Service Agreement to the Designated

Replacement Shipper. In no event will the Designated

Replacement Shipper be required to match the terms of

another bid in less than one (1) Business Day after

Riverside tenders the Service Agreement to the Designated

Replacement Shipper. If the Designated Replacement Shipper

does not execute the Service Agreement, Riverside will

tender a Service Agreement to the party that submitted the

bid providing the highest economic value.

 

(d) Riverside shall post the winning bid on the EBB System for

ninety (90) Days.