Equitrans, L. P.
Original Volume No. 1
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Effective Date: 05/16/2010, Docket: RP10-616-000, Status: Effective
Third Revised Sheet No. 268 Third Revised Sheet No. 268
Superseding: Second Revised Sheet No. 268
GENERAL TERMS AND CONDITIONS (Continued)
21.4 Notice and Posting. At least one (1) year prior to the
expiration of a long term firm service agreement expiring
on or after January 1, 2004, Equitrans will serve on the
affected Customer a notice of termination advising the
customer of the pending termination of its agreement and
of the Customer's right to retain its service entitlement
by matching the rate and contract term bid by a competing
Customer. At least sixty (60) business days prior
to the expiration of all other long term firm service agreements,
Equitrans will serve on the affected Customer a notice of
termination advising the customer of the pending termination
of its agreement and of the Customer's right to retain its
service entitlement by matching the rate and contract term bid
by a competing Customer. At the same time, Equitrans will
post the available capacity on Equitrans' EBB System and EDI,
including the quantity available, receipt and delivery points and
maximum applicable rate. The notice will remain posted for thirty
(30) days, until the end of the bidding period.
21.5 Bidding. Potential Customers interested in acquiring the
service must submit offers to contract for all or part of the
available capacity by 5:00 p.m. thirty (30) business days
after the capacity is posted to Equitrans' EBB System and EDI. To
be valid, a bid must provide all information and data required by
Sections 6.2 and 6.3 of Equitrans' General Terms and Conditions.
In addition, the potential Customer must provide a refundable
prepayment equal to one month's demand charge based on the quantity
desired and the requested price.
21.6 Best Bid. At the close of the bidding period, Equitrans will
evaluate all bids received for completeness, rate
acceptability and creditworthiness, and will choose the offer
it will accept if the existing Customer chooses not to match
the offer ("the best bid"). For purposes of this Section, the
best bid shall be the bid which offers the maximum applicable
rate for the full term of the bid. If no bidder offers the maximum
rate for the full term of the bid, Equitrans may select the best
bid based on the maximum revenue over the minimum term of the bid.
However, Equitrans shall not be required to accept any offer at
less than the maximum rate.