Sabine Pipe Line Company

Second Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 266 Original Sheet No. 266 : Superseded

 

bid, the winning bid shall be determined by means of

a lottery, with all capacity being allocated to the

winner(s), unless the offer to release capacity

specifies a different tie breaker.

 

10.10 Award of Capacity and Posting of Bids

 

Upon determination and acceptance of the best bid,

the winning Replacement Shipper shall be notified in

writing by Sabine. Sabine shall post notice on

Sabine's electronic bulletin board that the capacity

has been awarded. The notice will include the

Replacement Shipper's name and the price, reservation

quantity and term of the best bid. A Confirmation

Letter incorporating the terms of the accepted bid,

shall be tendered and executed by the Replacement

Shipper prior to Sabine's nomination deadline for the

flow of gas utilizing the released capacity.

 

If no bids are submitted by the bid deadline, the

Releasing Shipper's Offer shall be removed from

Sabine's electronic bulletin board.

 

10.11 Prearranged Releases

 

a) Prearranged Releases Subject to Bidding

 

A Releasing Shipper may arrange for its own

Replacement Shipper. The Prearranged Replacement

Shipper must meet all of the requirements

established for bidders pursuant to this Section

10. If the Prearranged Replacement Shipper agrees

to pay the maximum reservation charge applicable

to the Releasing Shipper's service, for the full

released quantity and term offered by the

Releasing Shipper, and the Prearranged Replacement

Shipper satisfies all of the requirements of this

Section 10, the Prearranged Bid will be deemed the

best bid, and a Confirmation Letter must be

executed in accordance with this Section 10 and

the terms of Sabine's FERC Gas Tariff. Sabine

shall thereafter post on its Electronic Bulletin

Board the identity of the Prearranged Replacement

Shipper, and the terms upon which the capacity was

released.