Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Sub First Revised Sheet No. 456B Sub First Revised Sheet No. 456B : Effective

Superseding: First Revised Sheet No. 456B

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

allocated to the request in the firm service queue, on the date such

capacity becomes available and is posted on LINK®, that provides the

highest net present value to Pipeline unless an open season is conducted

pursuant to this Section 3.12(A). If an open season is conducted,

Customer(s) or potential customer(s) in the firm service queue shall be

notified and given an opportunity to participate in such open season. If

such Customer or potential customer elects not to participate in any such

open season, its request shall be deemed null and void.

 

(7) In addition to the procedures set forth in this Section 3.12(A), Pipeline

shall have the right, but shall not be obligated, from time to time to hold

open seasons for potential expansion projects or for available capacity for

which no request has been received. During any such open season, Pipeline

shall allocate the capacity subject to such open season on the basis of the

highest net present value to Pipeline, as determined pursuant to the method

described in Section 3.12(A)(1). In this connection, to the extent

Pipeline has available unsubscribed capacity, Pipeline reserves the right,

but shall not be obligated, to reserve such capacity for a future expansion

open season provided that any such open season is conducted by the later of

one (1) year from the date Pipeline posts such capacity as being reserved

or the date such reserved capacity actually becomes available for use.

 

(B) Pipeline will post available capacity before it provides such information to any

potential customer.

 

(C) Pipeline reserves the right to reject any request for service at less than

maximum rate, which may detrimentally impact the operational integrity of

Pipeline's system, which does not satisfy all the terms of a specific posting

and/or which contains terms and conditions other than those contained in

Pipelineþs FERC Gas Tariff. If Pipeline rejects an otherwise successful request

for available capacity posted pursuant to Section 3.12(B), Pipeline will post on

LINK® its reason(s) for such rejection.

 

(D) All requests received during an open season remain binding on the requesting

party through the end of the open season, unless withdrawn by the requesting

party prior to the close of the open season; provided, however, a requesting

party may withdraw its previous request and submit a request with a higher net

present value during the open season, but neither the requesting party nor an

affiliate thereof may submit a request with a lower net present value during the

open season. At the end of the open season, all requests either withdrawn or

not accepted shall be deemed null and void. In addition, at the end of the open

season, the winning bid is binding on the party that submitted the winning bid

and a contract will be deemed to be executed at that time and Customer agrees to

comply with the requirements of Section 3.6 of these General Terms and

Conditions in this regard.