Blue Lake Gas Storage Company

First Revised Volume No. 1

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Effective Date: 11/01/2007, Docket: RP08- 17-000, Status: Effective

Second Revised Sheet No. 17A Second Revised Sheet No. 17A : Effective

Superseding: First Revised Sheet No. 17A

 

 

RATE SCHEDULE FS

FIRM STORAGE

(Continued)

 

 

(g) Capacity will be awarded no later than 3:00 p.m. Central Clock

Time. The capacity will be awarded to the Replacement Customer

which otherwise satisfies the requirements of this Tariff and

also meets all of the conditions of the offer to release

capacity. In the case of multiple bid winners, the highest

ranking bid will receive the entire maximum amount of capacity

bid. The next highest ranking bidder will receive the

remainder of the offered capacity provided that the amount

remaining is above the bidder's minimum acceptable quantity.

Any remaining capacity will be given to the next highest bidder

with the same provisions as above. This process will repeat

until either all of the offered capacity is awarded or the

remaining capacity falls below either the Releasing Customer's

minimum quantity or all of the remaining bidder's acceptable

quantities. Seller shall not be required to contract with

parties submitting bids that do not meet the conditions of the

offer to release capacity, however, subject to approval of

Releasing Customer, Seller may accept bids offering a price or

term less than that set forth in the release. Bids will be

evaluated by the criteria provided by the Releasing Customer.

If no criteria are provided by the Releasing Customer, bids

will be accepted in the order of priority based upon the

highest economic value offered by the competing bids as defined

in Section 10 of the General Terms and Conditions of this

Tariff. The ultimate awarding of the capacity will be posted

subsequently on Seller's Internet Site by 4:00 p.m. Central

Clock Time, unless bidder was a contingent bidder and the

contingency did not occur. Seller will tender a numbered

Agreement within one hour to the winning bidder, and the

winning bidder shall enter into an Agreement with Seller

pursuant to Section 8.2, below. Seller is required to meet the

Capacity Release Timeline for processing capacity releases only

if the Releasing Customer's best bid methodology is either:

(1) highest rate, (2) net revenue, or (3) present value. In

all cases, Replacement Customers will be subject to all

requirements of this Tariff. Storage Service to the

Replacement Customer may commence, prior to the posting of the

winning bid, if capacity has been awarded and a contract

executed.