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. 115 Original Sheet No. 115 : Effective
GENERAL TERMS AND CONDITIONS
19. RIGHT OF FIRST REFUSAL AT EXPIRATION OF AGREEMENTS
The right of first refusal is applicable to service agreements
with terms of one year or more under Rate Schedules FT.
At least six months prior to the expiration or termination of any
such service agreement, Riverside will post the availability of
such capacity on its electronic bulletin board together with all
applicable terms. Posting will remain on the bulletin board for
at least one month. Offers by potential Shippers for such
capacity may be for less than the total amount of the capacity
available. The existing capacity holder will have a right of
first refusal to match the price and term of the best offer
received for such capacity. Riverside will evaluate the net
present value of any offer in determining the best offer. For
To ensure that competing offers are bona fide, the offering party
must tender a prepayment as required by Section 11.1(a) hereof.
19.4 No Offers Received
If no offers are received, service may continue at a negotiated
rate and term, but in no event shall Riverside be required to
provide service at less than maximum rates.