Tariff

Previous

Next

TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.23
RIGHT OF FIRST REFUSAL
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS



                    charged to Releasing Shipper's next monthly bill and will 
                    be due and payable by Releasing Shipper in accordance 
                    with this section.    

        7.22.9  Index-Based Capacity Release
      
            1.   For purposes of this section, Transporter may be contacted via 
                 the following e-mail address: info@twp-pipeline.com.

            2.   To request an index-based capacity release, the Releasing Shipper 
                 shall submit to Transporter the details for its desired capacity 
                 release in conformance with the terms of Transporter's FERC Gas 
                 Tariff via e-mail.

            3.   Transporter shall post notice providing details of any index-based 
                 capacity release offers on Transporter's website. For biddable 
                 releases, bidders shall respond by e-mail address included in 
                 Section 7.22.0.1.

            4.   Transporter will manually evaluate any index-based capacity 
                 release Bids received and make the capacity release award by the 
                 deadline(s) prescribed by the Releasing Shipper, including any 
                 applicable extensions, as required by NAESB standards.

            5.   Following the evaluation of bids, Transporter will post the 
                 winning bid's details on Transporter's website.
    
    7.23.  RIGHT OF FIRST REFUSAL
    
        7.23.1. Except for negotiated rate contracts, if an FT Agreement at the 
                maximum Recourse Rate for a term of twelve (12) or more consecutive 
                months of service contains no automatic extension provision, 
                Shipper shall be entitled to a ROFR to the renewal of its 
                Transportation Quantity in accordance with the procedures set 
                forth in this section.  Prior to the termination of any FT 
                Agreement and prior to Transporter posting the availability of 
                capacity under this section, if applicable, Transporter and Shipper 
                may mutually agree to modify or extend such agreement, with 
                respect to all or a portion of the underlying MDQ, on a 
                case-by-case basis and in a not unduly discriminatory manner.
    
        7.23.2. Unless otherwise agreed to in Shipper's FT Agreement, Shipper 
                must provide written notice to Transporter at least 180 days 
                prior to the termination date if the Shipper wants to exercise 
                its ROFR.
    
        7.23.3. Transporter shall post the capacity for bidding on its Website 
                no later than 180 days prior to the expiration of Shipper's FT 
                Agreement.  The capacity will remain posted on the Website for 
                a minimum of twenty (20) days ("ROFR Bidding Period"), with such 
                posting containing the following information with respect to 
                the capacity:
    
                a)  Daily Transportation Quantity;
    
                b)  Receipt and Delivery Points;
    
                c)  Maximum reservation charge;
     
                d)  Any applicable restrictions; and
    
                e)  The last day of the ROFR Bidding Period.
    
                Transporter may require bidders to insure that offers are bona 
                fide by providing financial assurances satisfactory to Transporter.
    
        7.23.4. A Shipper may elect to retain a portion of its Contracted 
                Capacity subject to ROFR rights, in which case Transporter's 
                pre-granted abandonment authority shall apply to the remainder 
                of the service.

Previous

Next