Egan Hub Storage, LLC

First Revised Volume No. 1

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Effective Date: 05/24/2010, Docket: RP10-628-000, Status: Effective

Third Revised Sheet No. 109A Third Revised Sheet No. 109A

Superseding: Second Revised Sheet No. 109A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

3.7 Sale of Capacity. Upon the availability of new storage capacity resulting from an

expansion of Egan Hub's facilities, Egan Hub shall sell such capacity to prospective Customers

either via the open season procedures described in Section 3.8 below or via the first-come,

first-served procedures described in Section 3.9 below, with the selection of the procedures

being at Egan Hub's sole option.

 

3.8 Open Season.

 

(a) Notice of open season. If Egan Hub elects to conduct an open season

pursuant to Section 3.7 above or if an open season is required pursuant to Section 8 of Rate

Schedule FSS and/or SSS, Egan Hub shall post notice of the open season on its Internet Web

site. Such notice shall set forth when the open season begins and ends, the type of service

being offered, how and where interested parties may submit requests for service, the criteria

that will be used to evaluate bids ("Bid Evaluation Procedures"), and additional details about

the open season.

 

(b) Duration. An open season held pursuant to Section 3.8(a) shall be held for

a period of not less than five (5) Business Days. An open season for storage capacity held

pursuant to Section 8 of Rate Schedule FSS and/or SSS shall be held for a period of thirty (30)

days, as specified in Section 8.2(b) of such rate schedules. During this time, Egan Hub will

accept bids from potential Customers for the service identified in the notice of the open

season.

 

(c) At the conclusion of the open season, the value of each submitted bid will

be determined according to the Bid Evaluation Procedures. Egan Hub reserves the right to

reject any bid which (i) may detrimentally impact the operational integrity of Egan Hub's

facility, (ii) yields an economic value that is unacceptable to Egan Hub, (iii) does not

satisfy all of the terms of a specific open season, (iv) does not contain all of the required

information specified in the notice of the open season, and (v) contains terms and conditions

other than those contained in this FERC Gas Tariff. In addition, Egan Hub reserves the right

to reject any bid submitted by a potential Customer that does not meet Egan Hub's

creditworthiness requirements set forth in Section 3.4 of the General Terms and Conditions. If

Egan Hub rejects any request for available capacity posted pursuant to this Section 3.8, Egan

Hub will notify the potential Customer that submitted the rejected bid of the reason(s) for

such rejection via e-mail.

 

(d) During the allocation process at the conclusion of an open season, storage

capacity will be allocated to the acceptable bid(s) in accordance with the Bid Evaluation

Procedures.

 

(e) [Reserved for Future Use]

 

(f) Execution of agreements. A Customer allocated storage capacity in an open

season shall be required to execute a service agreement(s) for firm service pursuant to the

requirements of Section 3.6 of these General Terms and Conditions.