Sabine Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 07/31/1993, Docket: RS92- 78-003, Status: Effective

Original Sheet No. 255 Original Sheet No. 255 : Superseded

 

prearranged bidder exists and a better bid is

received, Sabine will notify the prearranged

bidder of the better bid the next business day

after the bid period ends. A Prearranged Bidder

will have 2 business days to match the best bid.

Tie bids not involving a Prearranged Bidder will

be resolved on the basis of a lottery if the

releasing shipper fails to specify a tie breaker.

Sabine will notify the winner, and within forty-

eight (48) hours will post all bids on its

electronic bulletin board. The winning bidder's

name will be posted and losing bids will be posted

with the bidder's names deleted. Sabine will

prepare a Confirmation Letter for the Replacement

Shipper and the Replacement Shipper shall execute

and return the Confirmation Letter prior to

Sabine's nomination deadline for the flow of gas

utilizing the released capacity.

 

 

10.5 Offer to Release Capacity

 

 

Offers to Release Capacity must be submitted in

accordance with the schedules set forth in Subsection

10.4. Such offers must be in writing (telefaxes are

acceptable) and on the release form provided by Sabine

(hereinafter called Releasing Shipper's Offer). Sabine

shall post the Releasing Shipper's Offer on its

Electronic Bulletin Board. A Releasing Shipper may

withdraw an offer to release capacity at any time prior

to the receipt by Sabine of a bid for the capacity that

meets the Releasing Shipper's minimum bid

specifications. Likewise, a bidder may withdraw its

bid prior to the close of the bidding period, but may

not rebid on the same capacity at a lower rate.

 

Any Shipper offering to release all or part of its firm

capacity under an executed Firm Service Agreement shall

provide the following information:

 

a) The Releasing Shipper's Name and Firms Service

Agreement Number;