Carnegie Interstate Pipeline Company

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 01/01/1995, Docket: CP93-552-005, Status: Effective

Sub Original Sheet No. 93 Sub Original Sheet No. 93 : Effective

Superseding: Original Sheet No. 93

GENERAL TERMS AND CONDITIONS

(Continued)

 

11.2 (Continued)

 

of the relevant contractual provisions

of the Best Bid(s). In the event there is no

Best Bid for Customer to match, Section 11.2(g)

shall determine whether Customer shall be

entitled to retain its capacity and continue to

receive service.

 

(d) To be a valid bid, the potential

customer must submit a Request For Service in

accordance with Section 9.1 specifying the

maximum rate the potential customer is willing

to pay for the capacity, and must satisfy the

Creditworthiness requirements set forth in

Section 13. In particular, without limitation,

any potential customer must pay CIPCO a

refundable security deposit equal to the lesser

of ten thousand dollars ($10,000.00) or one

month's reservation charges based on the

quantity and price specified in the Request For

Service. If any potential customer's bid is

accepted by CIPCO then, upon commencement of

service, the security deposit, including

applicable interest calculated pursuant to

Section 154.67(c) of the FERC's regulations,

shall be promptly credited to such potential

customer's initial invoice for such service

rendered. If any potential customer's bid is

not considered a Best Bid or if any potential

customer fails to satisfy all of CIPCO's tariff

provisions governing eligibility, CIPCO shall

refund such potential customer's security

deposit, including applicable interest

calculated pursuant to Section 154.67(c) of the

FERC's regulations, within thirty (30) days

after the close of the bidding period. If any

potential customer withdraws a bid, CIPCO shall

not refund such potential customer's security

deposit. CIPCO may reject all bids which would

require CIPCO to discount below a rate and/or

for a period unacceptable to CIPCO. Nothing in

this Section 11.2 shall prevent any potential

customer from changing a previously submitted

bid until the close of the bidding period, and

such changed bid shall not constitute a

withdrawal of a previous bid for the purposes of

this Section 11.2(d).