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

 

19.1 Applicability

 

The right of first refusal is applicable to service agreements

with terms of one year or more under Rate Schedules FT.

 

19.2 Procedure

 

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

 

19.3 Prepayment

 

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.