Arkansas Western Pipeline Company

First Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-187-003, Status: Effective

First Revised Sheet No. 22 First Revised Sheet No. 22 : Superseded

Superseding: Original Sheet No. 22

 

in the "best bid" or a rate greater than the rate set forth in

the "best bid" and agree to execute a service agreement for a

agreement term equal to the agreement term set forth in the

"Best bid", provided, however, the maximum rate an existing

Shipper must match is the maximum rate Transporter can charge

for delivery to the existing Shipper's Point of Delivery.

 

14.7 In the event Transporter does not receive any bids pursuant to

subsection 14.3 or Transporter rejects all bids received due to

the fact that such bids were premised on rate discount levels

or rate discount terms unacceptable to Transporter, Transporter

and Shipper may mutually agree upon the terms and conditions

under which Shipper shall be entitled to retain its capacity

and continue to receive service. Notwithstanding the preceding

sentence, so long as the Shipper agrees to pay Transporter's

maximum rate, the Shipper may retain its firm transportation

service. In no event shall Transporter and Shipper agree upon

terms which yields to Transporter a net present value less than

any bid received pursuant to subsection 14.3 and rejected by

Transporter. In the event Transporter and Shipper have not

reached agreement on the terms and conditions under which

service will be extended for Shipper, as of six (6) months

before the termination date of the long-term service agreement,

then Transporter shall have all necessary abandonment

authorization under the Natural Gas Act as of the date of

termination of the long-term service agreement. However,

Transporter shall provide Shipper with prior notice of any

resulting termination of service.

 

15. CAPACITY RELEASE

 

15.1 Transporter will provide a firm capacity release mechanism

pursuant to this Section through which (1) existing Shippers,

including any Shippers who obtain capacity pursuant to this

Section 15, can voluntarily release and assign all or part of

their firm transportation capacity rights to a potential

shipper that wants to obtain that capacity by contracting with

Transporter. Shippers may release and assign their firm

transportation capacity on Transporter (whether Part 284

capacity or individually certified capacity) only under this

Section of the General Terms and Conditions.

 

15.2 Transporter's Shippers under Rate Schedule FTS are permitted to

release their capacity, in whole or in part, on a permanent or

temporary basis, on a firm or interruptible basis, provided

Shipper complies with the applicable