Cove Point LNG Limited Partnership

Second Revised Volume No. 1

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Effective Date: 06/14/2000, Docket: RP00-389-000, Status: Effective

Original Sheet No. 110 Original Sheet No. 110 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

 

3. REQUESTS FOR SERVICE (Continued)

 

(j) Record Retention. Operator shall maintain records of all valid requests for service

and their disposition for a period of three (3) years from the date of receipt of

those requests. Operator shall not disclose such information, including information

relating to bids for service other than pursuant to the provisions of this Tariff, a

Commission proceeding or valid court order.

 

 

4. BIDDING FOR AVAILABLE FIRM SERVICE

 

(a) EBB Posting Procedure. As capacity becomes available on Operator's system for firm

services, such capacity shall be posted by Operator on its EBB for a period of thirty

(30) days. Operator's posting shall include the following information regarding the

available capacity: (i) daily and other applicable quantity of service available;

(ii) receipt and delivery points; (iii) term (up to a maximum primary term of twenty

(20) years with extensions from year to year thereafter unless canceled by either

party by providing six (6) months prior notice to the other party); (iv) maximum

effective Reservation charge as set forth in the Currently Effective Rate Sheets of

this Tariff; (v) the minimum Effective Reservation charge as set forth in the

Currently Effective Rate Sheets of this Tariff(including any adjustments thereto) as

provided under the applicable Rate Schedule; (vi) any other applicable charges or

surcharges; (vii) any applicable restrictions; and (viii) the date when bids are due

to Operator. Operator shall not impose a minimum rate for purposes of bidding for

available firm service. The due date set by Operator for bids shall be at least

thirty (30) days and no more than forty-five (45) days after the first posting date.

 

(b) Bidding Procedure. Potential Buyers may submit one bid for all or any portion of the

capacity or term of service made available by Operator. A Bidder shall submit its bid

electronically through Operator's EBB, specifying the monthly reservation charge (or

other firm or demand charge(s), if applicable, herein referred to collectively as the

"Reservation Charge") it is bidding for the service. Bidder also shall provide to

Operator a valid request for service fully complying with Section 3 (Requests for

Service) of the General Terms and Conditions. The price bid for the monthly

Reservation Charge shall be expressed per Dth and shall be expressed to the nearest

thousandth of one dollar ($0.000). Bids for service shall not exceed the then

effective Maximum Base Reservation Charge for the applicable service set forth in this

Tariff. In addition to the bid price, Bidders shall pay all applicable commodity

charges, demand and commodity surcharges and any other applicable charges, as they may

be adjusted from time to time by Operator. Operator shall have the right to reject

any bids, on a non-discriminatory basis, that: (i) are for a rate that is less than

the maximum Reservation Charge or not above the minimum Reservation Charge as set

forth in the Currently Effective Rate Sheets of this Tariff for service under

Operator's applicable Rate Schedule; or (ii) include conditions or provisions that

impede Operator's ability to operate its system in conformity with the provisions of

this Tariff.