Panhandle Eastern Pipe Line Company

First Revised Volume No. 1

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Effective Date: 06/15/2003, Docket: RP03-479-000, Status: Effective

Sixth Revised Sheet No. 278A Sixth Revised Sheet No. 278A : Superseded

Superseding: Fifth Revised Sheet No. 278A

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(ii) the Designated Replacement Shipper has agreed to

pay the applicable Maximum Rate for the service

and has agreed to all other conditions

applicable to the assignment, unless

Section 15.4(b)(i) applies.

 

Such assignments for which no bids are required may

be submitted electronically and shall be posted on

the Messenger system upon confirmation by the

Replacement Shipper. The Capacity Release Service

Agreement Addendum number shall be provided when such

assignment is posted.

 

(c) Bids to accept assignment of the Service Agreement

must specifically identify any contingencies and may

be made through the Messenger system only. If the

Releasing Shipper requires a prepayment deposit, the

party submitting the bid must concurrently submit the

prepayment deposit through Electronic Funds Transfer

to a designated bank account established by

Panhandle.

 

(d) The capacity release procedure is applicable to all

parties involved in the Capacity Release process;

however, it is only applicable if 1) all information

provided by the parties to the transaction is valid

and 2) there are no special terms or conditions of

the release. All stated times are Central Time.

 

(i) For biddable releases (less than 1 year)

 

12:00 p.m. Time by which Releasing Shipper shall

post the Release Notice on the Messenger

system

 

1:00 p.m. Bidding period ends

Evaluation period begins during which any

contingency is eliminated, determination

of best bid is made and ties are broken

 

2:00 p.m. Evaluation period ends and award

posting if no match required

Match or award is communicated to

Designated Replacement Shipper

 

2:30 p.m. Match response is due Designated

Replacement Shipper

 

3:00 p.m. Award posting where match is required

to Replacement Shipper or Designated

Replacement Shipper