Ozark Gas Transmission System

First Revised Volume No. 1

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Effective Date: 10/01/1993, Docket: RS92- 72-003, Status: Effective

First Revised Sheet No. 109 First Revised Sheet No. 109 : Superseded

Superseding: Substitute Original Sheet No. 109

 

FORM OF

FIRM TRANSPORTATION SERVICE AGREEMENT

UNDER RATE SCHEDULE FTS

(Continued)

 

ARTICLE V

 

TERM OF AGREEMENT

 

5.1 Subject to the provisions of the General Terms and Conditions

of Transporter's FERC Gas Tariff and the FTS Rate Schedule,

this Agreement shall be effective as of _____________________

and shall continue for a primary term through _______________

__________. The term of this Agreement shall not be extended

unless Shipper notifies Transporter in writing one hundred

eighty (180) days prior to the termination date that it desires

to extend the term of this Agreement.

 

Any portions of this Agreement necessary to balance receipts

and deliveries under this Agreement as required by the FTS Rate

Schedule, shall survive the other parts of this Agreement until

such time as such balancing has been accomplished.

 

If this Agreement is for a term of one year or more, upon

receipt of termination notification, and for a period of

sixty (60) days, Transporter will post on its electronic

bulletin board ("EBB") notice of such termination, and begin

offering firm capacity for bid. Shipper will continue to

receive service in accordance with this Rate Schedule FTS

until service is actually terminated. If there are bidders for

the capacity, Shipper must meet or exceed the value (as defined

by the terms and conditions posted during notification) of the

competing bids if it desires to retain its capacity under this

Rate Schedule FTS.

 

5.2 If Shipper fails to meet the value of a competing bidder,

then Transporter will provide transportation service to the

third party Shipper under the terms and conditions of the offer.

 

5.3 If a competing bidder bids the maximum rate for only a portion

of the capacity under Shipper's Agreement, Shipper or his

customer(s) need only meet the competing bid for the amount of

capacity to which the bid applies.

 

5.4 In determining which offer is the highest value, Transporter

will post on its EBB, at the time of notice of termination of

this Agreement, terms and conditions upon which the offers

will be evaluated. Transporter may request a third party

bidder to post a bond or provide other security before accept-

ing the bid with the highest value. Transporter will post on

its EBB the highest value bid. Firm Shipper's customers will

have three (3) business days to meet or exceed such bid.