Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 10/01/2000, Docket: RP00-535-000, Status: Suspended

Second Revised Sheet No. 461 Second Revised Sheet No. 461 : Suspended

Superseding: First Revised Sheet No. 461

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

(B) Pipeline shall post at least twelve (12) months but no more than twenty-four

(24) months prior to the proposed termination of a firm long term service

agreement under an Open-Access Rate Schedule on the LINK® System and the Web

site the following information:

 

(1) Point(s) of Receipt and Point(s) of Delivery,

(2) the specific quantity available under the service agreement to be

terminated,

(3) the date of expiration,

(4) the current maximum rate applicable to the service agreement to be

terminated.

 

(C) The deadline for the submission of bids from Replacement Customers, who desire

service to be provided in whole or in part by the capacity to be made available

upon termination of a long-term service agreement, shall be the last day of the

fifth month following the month in which Pipeline posts an applicable notice

pursuant to Section 3.13(B). For the purposes of this section, the term "in

part" shall refer to a volumetric portion of the contractual quantity, and not

to a geographic portion of a Customer's firm entitlements under a firm service

agreement. To be a valid bid, a bid must comply with the bid requirements set

forth in Section 3.13(D). At the close of such bidding period, Pipeline shall

select among the valid bids the "best bid(s)", as determined pursuant to Section

3.13(E), and shall relay the relevant terms of such "best bid(s)" to the

Customer whose long-term service agreement is being terminated by Pipeline. If

Customer elects to match, as determined by Section 3.13(F), the "best bid(s)",

the Customer shall be entitled to retain its capacity and continue to receive

firm service under a long-term firm service agreement which reflects the

matching of the relevant contractual provisions of the "best bid(s)". If

Customer does not match the "best bid(s)", then Customer's existing long-term

service agreement shall terminate and Pipeline shall have all necessary

abandonment authorization under the Natural Gas Act. In the event there is no

"best bid(s)" for Customer to match, Section 3.13(G) shall determine whether

Customer shall be entitled to retain its capacity and continue to receive

service.

 

(D) To be a valid bid, the Replacement Customer must provide all information and

data required by Section 3.2 through 3.4 of the General Terms and Conditions.

In particular, without limitation, the Replacement Customer must pay Pipeline a

bona fide prepayment equal to one (1) month's prepayment of the Reservation

Charge determined based on the Replacement Customer's requested price and the

desired contractual quantity. If such Replacement Customer's bid is accepted by

Pipeline and is not matched by the Customer then, upon commencement of service,

the bona fide prepayment shall be promptly credited to such Customer's initial

bill for such service rendered. If Replacement Customer's bid is not considered

a "best bid(s)" if it is matched or if the Replacement Customer fails to satisfy

all of Pipeline's tariff provisions governing Customer eligibility, Pipeline