Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 04/01/1997, Docket: RP97- 3-002, Status: Effective

First Revised Sheet No. 470 First Revised Sheet No. 470 : Effective

Superseding: Sub Original Sheet No. 470

GENERAL TERMS AND CONDITIONS

(Continued)

 

amount of any bill for service provided when such

amount is due in accordance with Section 10 of the

General Terms and Conditions. Any Customer will have

the right to withdraw its Customer's Notice any time

prior to the close of the Bid Period associated with

such Customer's Notice, provided the withdrawal of such

Customer's Notice must be solely in order to remedy an

unanticipated need for such capacity and provided that

no bid meeting the minimum conditions specified by

customer pursuant to Section 3.14(D)(1)(h) has been

made. The Customer's Notice will be legally binding on

Customer until written or electronic notice of

withdrawal is received by Pipeline. The reason for

withdrawal must be submitted to Pipeline for posting.

 

(3) Obligations of Replacement or Prearranged Customers

 

Replacement and Prearranged Customers must be on

Pipeline's approved bidder list before bids may be

posted on the LINKþ System, must have an executed

Capacity Release Umbrella Agreement, and must qualify

under Sections 3.3 and 3.4 of the General Terms and

Conditions at the time of any bid. Bids will be

legally binding on the Replacement or Prearranged

Customer until electronic notice of withdrawal is

received by the Pipeline, provided, however bids cannot

be withdrawn after the Bid Period ends. Any bid

submitted will legally bind the Replacement or

Prearranged Customer to the terms of the bid if

Pipeline chooses such bid as the "best bid". To be on

the approved bidders list, the Replacement or

Prearranged Customer must satisfy Pipeline's credit

requirements as outlined in Sections 3.3 and 3.4 of the

Pipeline's General Terms and Conditions, and provide

the information required by Section 3.2 of the General

Terms and Conditions. Such credit appraisal shall be

reevaluated and updated every three (3) months. The

Replacement or Prearranged Customer shall remain on the

approved bidders list until such Replacement or

Prearranged Customer notifies Pipeline to the contrary,

no longer meets the credit qualifications established

in Sections 3.3 and 3.4 of the General Terms and

Conditions, or is suspended from the approved bidders

list in the event, and for such time as, such

Replacement or Prearranged Customer fails to pay part

or all of the amount of any bill for service in

accordance with Section 10 of the General Terms and

Conditions. The Replacement or Prearranged Customer

must satisfy all other Pipeline tariff provisions

governing Customer eligibility before it may contract

with Pipeline for the released capacity. Once the

Replacement or Prearranged Customer executes an

Addendum to the Capacity Release Umbrella Agreement