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Second Revised Sheet No. 81 Second Revised Sheet No. 81 : Superseded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