Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 09/01/1997, Docket: RP97-462-000, Status: Effective

Fourth Revised Sheet No. 187 Fourth Revised Sheet No. 187 : Superseded

Superseding: Third Revised Sheet No. 187

GENERAL TERMS AND CONDITIONS

(continued)

 

term provisions; provided however, the Existing Shipper is only

required to match i) the rate up to the maximum tariff rate for

the specific Rate Schedule the capacity is subject to; and ii)

the term provision up to five (5) years. If the Existing

Shipper fails to exercise the Right of First Refusal, or to

notify Transporter of the exercise or non-exercise of the Right

of First Refusal within the thirty (30) days specified in this

Subsection 4, then upon the expiration of the primary term or

any rollover term, as applicable, the Service Agreement shall be

abandoned and automatically terminated.

 

5. Following the thirty (30)-day period specified in Sections 20B.3

and 4 above, as applicable, Transporter will post on its EBB the

terms and conditions of each bid received and the identity of

the bidder, unless the bidder is not affiliated with Transporter

and such nonaffiliated bidder requests confidentiality for

unaccepted bids.

 

C. Option to Avoid Right of First Refusal

 

Shipper may, at its option, and only within the time periods

specified below, elect to extinguish its Right of First Refusal. The

terms under which the Right of First Refusal may be extinguished are

as follows:

 

1. Within thirty (30) days after November 1, 1993, for FTS-1

Shippers and within ninety (90) days from the date Rate Schedule

FTS-2 becomes effective for FTS-2 Shippers, Shipper must notify

Transporter in writing of Shipper's decision to extinguish the

Right of First Refusal. Within thirty (30) days following

receipt of Shipper's notice the exercise of the right to

extinguish, Transporter will amend Shipper's existing contract

to provide for a ten (10)-year rollover provision exercisable at

the unilateral option of Shipper with the rate for any such

rollover term of the maximum rate applicable to such capacity.

Such Shipper's notification shall specify whether the ten (10)-

year rollover is to be exercised at the end of Shipper's primary

term or at the end of an existing unilateral rollover provision

in Shipper's Service Agreement. Such ten (10)-year rollover

shall supersede any other rollover right of Shipper.

 

2. The addition of the Rollover provision shall provide Shipper and

Transporter with the following rights and obligations: