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.