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).