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.