Egan Hub Storage, LLC

First Revised Volume No. 1

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Effective Date: 02/01/2009, Docket: RP09-160-000, Status: Effective

Fifth Revised Sheet No. 163 Fifth Revised Sheet No. 163

Superseding: Fourth Revised Sheet No. 163

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

33. DISPOSITION OF RETAINED QUANTITIES

 

 

33.1 In the event that Egan Hub holds an auction for quantities

retained pursuant to Section 9 of Rate Schedule FSS, Sections 2

and 9 of Rate Schedule SSS, Sections 2 and 8 of Rate Schedule EPS,

Sections 2 and 8 of Rate Schedule IPS, Sections 2 and 8 of Rate

Schedule IBS, and/or Section 4.14(b) of these General Terms and

Conditions, Egan Hub shall post a notice of such auction on the

LINK® System at least three (3) Business Days prior to the date on

which bids will be accepted. Such notice shall specify the

quantity of Gas to be auctioned, the date on which the bids will

be accepted, and the evaluation method that will be used to

determine the highest bid. Egan Hub shall accept bids only during

the time period from 7:00 A.M. CT until 11:00 A.M. CT on the day

that bids are due. Egan Hub shall award the quantities to the

bidder submitting the highest bid, and shall notify such bidder

prior to 4:00 P.M. CT of the same day on which Egan Hub accepts

bids; provided, however, Egan Hub reserves the right to reject all

bids.

 

33.2 Egan Hub shall credit the proceeds received from the auction for

quantities retained pursuant to Section 9 of Rate Schedule FSS,

Sections 2 and 9 of Rate Schedule SSS, Sections 2 and 8 of Rate

Schedule EPS, Sections 2 and 8 of Rate Schedule IPS, Sections 2

and 8 of Rate Schedule IBS and Section 4.14(b) of these General

Terms and Conditions as specified in each such section.