Egan Hub Storage, LLC
First Revised Volume No. 1
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Effective Date: 01/01/2009, Docket: RP09-77-000, Status: Effective
Second Revised Sheet No. 115 Second Revised Sheet No. 115
Superseding: First Revised Sheet No. 115
GENERAL TERMS AND CONDITIONS
(Continued)
(b) For standard releases of more than one year:
- Offers shall be tendered by 12:00 p.m. CT four Business Days before the
award;
- The bid period shall end at 1:00 p.m. CT on the day before timely
nominations are due (open season is three Business Days) or at 1:00
p.m. CT on any subsequent Business Day as specified in Releasing
Customer's offer, whichever is elected by Releasing Customer;
- Evaluation period begins at 1:00 p.m. CT on the day the bid period
ends, during which contingency is eliminated, determination of best bid
is made, and ties are broken;
- Evaluation period ends and award is posted if no match is required at
2:00 p.m. CT the same day;
- If the Prearranged Customer's bid is not the "best bid", Egan Hub shall
allow such Prearranged Customer a Matching Period of thirty (30)
minutes from 2:00 P.M. CT until 2:30 P.M. CT on the day the Bid Period
ends, or such later time as specified in the Releasing Customer's
offer, to determine whether to match the "best bid" and to notify Egan
Hub of its decision.
- If a match is required, the award will be posted by 3:00 p.m. CT.
Egan Hub will issue a contract within one hour of the award posting (with a
new contract number, when applicable). Nominations for Gas flow are
possible beginning at the next available nomination cycle for the effective
date of the contract. Such nominations will be processed in accordance
with the nomination and scheduling requirements of Section 8 of the General
Terms and Conditions; however, in no circumstance will Gas flow prior to
the effective date of the release as specified in Releasing Customer's
offer.
(c) Timeline for non-standard releases
If Customer specifies a bid evaluation methodology other than those stated
in this Section 4.3 or any special terms or conditions, the above timelines
shall apply; provided, however, one additional Business Day will be added
to the evaluation period. Subsequent deadlines will be delayed by such
additional Business Day, causing Gas flow to occur at least one Day later
than under the standard timelines set forth in Sections 4.3(a) and 4.3(b).