Arkansas Western Pipeline Company
First Revised Volume No. 1
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Effective Date: 12/01/1993, Docket: CP92-570-005, Status: Effective
Original Sheet No. 20 Original Sheet No. 20 : Superseded
14.2 Transporter shall provide notice to Shipper of termination
of the Service Agreement by the amount of time equal to one-
half of the primary term of the Service Agreement or twelve
(12) months, whichever is less. When Transporter provides
a notice of termination of a long-term service agreement
under Rate Schedule FTS, within thirty (30) days of the
issuance by Transporter of such notice of termination,
Transporter shall post on its TBB system the following
information:
a. Points of Receipt and Points of Delivery,
b. the specific quantity available under the terminated
agreement,
c. the date of expiration,
d. the current maximum rate applicable to the terminated
service.
14.3 The deadline for the submission of bids from potential
shippers, who desire service to be provided in whole or in
part by the capacity to be made available upon termination
of a long-term service agreement, shall be the last day of
the month following the month in which Transporter posts an
applicable notice pursuant to subsection 14.2. To be a
valid bid, a bid must comply with the bid requirements set
forth in subsection 14.4. At the close of such bidding
period, Transporter shall select among the valid bids the
"best bid", as determined pursuant to subsection 14.5, and
shall relay the relevant terms of such "best bid" to the
Shipper whose long-term service agreement is being
terminated by Transporter. If Shipper elects to match, as
determined by subsection 14.6, the "best bid", the Shipper
shall be entitled to retain its capacity and continue to
receive firm service under a long-term firm service
agreement which reflects the matching of the relevant terms
of the "best bid." If Shipper does not match the "best
bid", then Shipper's existing long-term service agreement
shall terminate and Transporter shall have all necessary
abandonment authorization under the Natural Gas Act. In the
event there is no "best bid" for Shipper to match,
subsection 14.7 shall determine whether Shipper shall be
entitled to retain its capacity and continue to receive
service.