Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/01/2006, Docket: CP06-351-001, Status: Effective

Original Sheet No. 117 Original Sheet No. 117 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

BLUEWATER 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.

 

(b) For standard releases of one year or longer:

 

- Offers shall be tendered by 12:00 p.m. CCT four Business

Days before the award;

- The bid period shall end at 1:00 p.m. CCT on the Day

before timely nominations are due (open season is three

Business Days) or at 1:00 p.m. CCT 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. CCT 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. CCT the same Day;

- If the Prearranged Replacement Customer's bid is not the

"best bid," BLUEWATER shall allow such Prearranged

Replacement Customer a Matching Period of thirty (30)

minutes from 2:00 p.m. CCT until 2:30 p.m. CCT 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 BLUEWATER

of its decision.

- If a match is required, the award will be posted by

3:00 p.m. CCT.

 

BLUEWATER 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

Section 4.7 or specifies 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).