Liberty Gas Storage, LLC

Original Volume No. 1

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Effective Date: 04/15/2007, Docket: RP07-357-000, Status: Effective

Original Sheet No. 110 Original Sheet No. 110 : Effective

 

GENERAL TERMS AND CONDITIONS

(d) The proposed effective date and term of the release;

(e) The identity of any pre-arranged designated Replacement Customer and

the full terms of such pre-arranged release;

(f) The method to be applied in evaluating bids, allocating capacity and

breaking ties, as described below;

(g) Whether, to what extent, and the conditions pursuant to which capacity

will be subject to recall for a full Day or a partial Day; if recallable, (1)

whether the Releasing Customer's recall notification must be provided

exclusively on a Business Day, and (2) any reput methods and rights associated

with returning the previously released capacity to the Replacement Customer;

(h) Whether bids on a volumetric rate basis may be submitted, and, if so,

the method for evaluating any such bids, including how to rank bids if bids are

also to be accepted on a demand charge basis, and any other special conditions;

(i) Whether contingent bids that extend beyond the bid period may be

submitted, how to evaluate and prioritize such bids against non-contingent

bids, and the terms and conditions under which, and/or for what time period,

the next highest bidder will be obligated to acquire the capacity should the

winning contingent bidder withdraw its bid;

(j) Any extensions of the minimum posting/bid periods;

(k) Whether Releasing Customer desires to utilize the first-come,

first-served option for short-term releases described in Section 4.6 below and

any minimum terms applicable thereto;

(l) Other special terms and conditions Releasing Customer imposes on the

release of its capacity, including, but not limited to, minimum rates, term and

quantity;

(m) Whether to specify dollars and cents or percents of rates in the

denomination of bids;

(n) For purposes of bidding and awarding, any minimum rates specified by

the Releasing Customer shall include the tariff reservation rate and all demand

surcharges, as a total number or as stated separately;

the Releasing Customer shall include the tariff reservation rate and all demand

surcharges, as a total number or as stated separately;

(o) Whether the release is on a permanent or a temporary basis;

(p) An e-mail address for the Releasing Customer contact person. It is

Customer's responsibility to update e-mail address information provided to

Liberty, as necessary; and

(q) The recall notification period(s), as identified in Section 4.13(e)

below, that will be available for use by the parties.