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Original Sheet No. 273 Original Sheet No. 273 : Superseded

 

for the month after the effective termination date of

the Firm Service Agreement.

 

The posting will include the primary points of receipt

and delivery, the available Maximum Daily Reservation

Quantity and the Maximum Daily Quantity for each

Primary Point, the termination date of the firm

contract, and the applicable maximum rate.

 

11.3 Bidding On Capacity

 

Upon posting of available capacity, Sabine shall

receive bids in writing from eligible bidders who have

executed a Form of Service Agreement Applicable to

Temporary Firm Transportation Service Pursuant to Award

of Released Capacity. Bids must be submitted on

Sabine's "Bid for Released Firm Capacity" form, as

prescribed in Section 10 of this FERC Gas Tariff, and

must be received by Sabine no later than 9:00 a.m.

Central Time on the bid deadline date. Sabine will

post the relevant terms of all eligible bids, other

than the bidder's name, one business day after each bid

is received by Sabine. Sabine will determine the best

bid in accordance with the Capacity Release provisions

set forth in Section 10 of the General Terms and

Conditions.

 

11.4 Right of First Refusal

 

If the right of first refusal applies, Sabine will

notify an existing Shipper of the best bid received

which Sabine is willing to accept. Shipper must

provide Sabine written notification, which may be

transmitted by facsimile or other similar electronic

means, that it intends to exercise its right of first

refusal. Shipper shall have a specified time, but not

less than five (5) business days, within which Shipper

must match the best bid. In order to match the best

bid, Shipper must agree to pay a rate up to the maximum

rate, for a contract term , not to exceed twenty (20)

years, that will provide Sabine at least the same net

present value, calculated in accordance with Section

10.9 of the General Terms and Conditions. If Shipper

matches the best bid, Sabine and Shipper will enter

into a new Service Agreement,