Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 01/07/2001, Docket: RP01-182-002, Status: Effective

Second Sub First Revised Sheet No. 456A Second Sub First Revised Sheet No. 456A : Effective

Superseding: Sub First Revised Sheet No. 456A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

identify specifically the customer or potential customer submitting the

request and/or the specific location of the market(s) to be served. Any

open season pursuant to this Section 3.12(A) will be conducted to

determine which Customer or potential customer values any available

capacity the most. In the event Pipeline receives a request for firm

service for a term less than 90 days and elects to award available

capacity without conducting an open season, such request shall be deemed

to have the highest net present value for purposes of this Section

3.12(A).

 

(3) For any open season conducted pursuant to this Section 3.12(A), such open

season shall be held for a minimum of (i) one (1) business day for service

offerings with a term of less than 90 days; or (ii) five (5) business days

from the posting of the notice of request for service for the capacity or

fifteen (15) business days from the date the capacity in question was

first posted as being available for contracting, whichever is the later

calendar date, for service offerings with a term of 90 days or longer. In

no event shall the open season be for a period greater than one (1)

calendar month. All open seasons shall end at 2:00 p.m. CT not less than

one (1) business day prior to the date service would be available. Any

such posting shall, at a minimum, describe the service available, the

date(s) that the service will be available, the duration for which the

service will be available, the capacity path, any minimum terms and

conditions, any other factors Pipeline shall consider in evaluating

requests received during the open season, and any other rules applicable

to the open season procedure.

 

(4) In the event that Pipeline receives two (2) or more requests for service

which produce an equivalent net present value, whether during an open

season or otherwise, any available capacity will be allocated between or

among such requests on a pro rata basis; provided, however, if one or more

party(s) is offered capacity on a pro rata basis pursuant to this Section

3.12(A) and any party declines to contract for such capacity, such party's

request shall be deemed null and void and the available capacity will be

reallocated among such requests which produce an equivalant net present

value.

 

(5) Pipeline shall post the winning request(s) and the method of evaluating

such request(s) on LINK® within twenty-four (24) hours after the award of

capacity.

 

(6) In the event capacity is not available to satisfy a request, such request

for service will be maintained, if such Customer or potential customer

desires, in a firm service queue. If and when capacity subsequently

becomes available, such capacity will be