Sea Robin Pipeline Company

First Revised Volume No. 1

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Effective Date: 12/01/1998, Docket: RP98-365-000, Status: Effective

Second Revised Sheet No. 81 Second Revised Sheet No. 81 : Superseded

Superseding: First Revised Sheet No. 81

GENERAL TERMS AND CONDITIONS

(Continued)

 

21.5 (j) (continued)

 

notified by Transporter through SoNet. Transporter shall further notify all

bidders through SoNet that a best bid has been accepted. If a Permanent

Release is awarded, an FTS Agreement or amended FTS Agreement between Transporter

and the

Acquiring Shipper, incorporating the terms of the accepted bid, shall be

tendered and executed electronically on SoNet by the applicable execution

deadline established in Section 21.8 below. If a Temporary Release is

awarded, Transporter will provide to Acquiring Shipper an Addendum

which reflects the terms of Acquiring Shipper's winning bid according to

the schedule established in Section 21.8 below. After the conclusion of the

offer/bid cycle, Transporter shall post on SoNet as soon as possible after

the released capacity is awarded, the Acquiring Shipper's name, the terms

of the best bid, i.e. price, volume, Delivery Point/s and term, and whether

the bidder is affiliated with Transporter. Such notice shall stay on SoNet

for at least thirty (30) days.

 

(k) If no bids are submitted by the date upon which all bids are due, the Offer

shall be removed from SoNet. Furthermore, all Releasing Shippers and

Acquiring Shippers must comply with the deadlines established in Section

21.8 of this FERC Gas Tariff for taking the actions described in this

Section 21 in order to avoid cancellation of their offers or bids by

Transporter.

 

21.6 Incentive Fee:

 

(a) If the Releasing Shipper and Transporter so agree, Transporter shall

receive a mutually agreeable fee for taking action to market Releasing

Shipper's firm capacity so long as such actions constitute more than merely

posting the Releasing Shipper's Offer.