Mid Louisiana Gas Company

Third Revised Volume No. 1

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Effective Date: 09/01/1993, Docket: RS92- 20-004, Status: Effective

Original Sheet No. 122 Original Sheet No. 122 : Effective

 

the bona fide bids the "Best Bid," and shall forward the

relevant terms of the "Best Bid" to Customer whose

long-term firm Service Agreement is being terminated by

Pipeline. If Customer elects to match the "Best Bid,"

the Customer shall be entitled to continue to receive

service under a long-term firm Service Agreement which

reflects the matching of the relevant terms of the "Best

Bid." If Customer does not elect to match the "Best

Bid," Customer's existing long-term firm Service

Agreement shall be terminated and Pipeline shall be

deemed to have all necessary abandonment authorization

under the NGA. A "Best Bid" shall be the bid which

generates the highest net present value for the time

period of the release. If no Potential Customer offers

the maximum rate for the full term of the bid, the "Best

Bid" shall be that bid which Pipeline determines, in its

reasonable discretion, is likely to maximize Pipeline's

revenue earning potential. If more than one Potential

Customer submits the "Best Bid," the available capacity

will be awarded to the Potential Customer who submitted

the "Best Bid" first in time.

 

(d) Upon notification from Pipeline of the relevant terms of

the "Best Bid," Customer shall have three (3) business

days to notify Pipeline whether Customer is willing to

match the "Best Bid." Failure to notify Pipeline by

written notice or through the EBB system within three

(3) business days after notification will result in a

waiver of Customer's right to match the "Best Bid." In

order to match the "Best Bid," Customer must agree to a

rate equal to the