Central New York Oil And Gas Company, LLC

Original Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-480-000, Status: Effective

First Revised Sheet No. 18 First Revised Sheet No. 18 : Effective

Superseding: Original Sheet No. 18

RATE SCHEDULE FSS (continued)

 

the right to withdraw its offer to release

during the bid period via the Seller's

Internet website or EDM, where unanticipated

circumstances justify such withdrawal and no

minimum bid has been made. Releasing

Customer shall have the option to accept

contingent bids which extend beyond the close

of the bidding period. Releasing Customer

cannot extend the original bid period or the

pre-arranged deal Matching Period without

posting a new release. Re-release of

Released Capacity shall be allowed on the

same terms and basis as the primary release

(except for volumetric releases that may not

be re-released).

 

(d) CAPACITY RELEASE TIMELINE. The "Capacity

Release Timeline" set forth below is

applicable to all parties of the Capacity

Release process; however it is only

applicable if: (1) all information provided

by parties to the transaction is valid and

Replacement Customer has been determined to

be creditworthy before the capacity release

bid is tendered and (2) the release contains

no special terms or conditions of the

release.

 

For biddable releases (less than 1 year):

- offers should be tendered by 12:00 p.m.

on a Business Day;

- open season ends no later than 1:00

p.m. on a Business Day (evaluation

period begins at 1:00 p.m. during which

contingency is eliminated, determination

of best bid is made, and ties are

broken);

- evaluation period ends and award

posting if no match required at 2:00

p.m.;

- match or award is communicated by 2:00

p.m.;

- match response by 2:30 p.m.;

- where match required, award posting by

3:00 p.m.;

- contract issued within one hour of

award posting (with a new contract

number, when applicable); nomination

possible beginning at the next available

nomination cycle for the effective date

of the contract. (Central Clock Time)

 

For biddable releases (1 year or more):

- offers should be tendered by 12:00 p.m.

four Business Days before award;

- open season ends no later than 1:00

p.m. on the Business Day before timely

nominations are due (open season is

three Business Days);

- evaluation period begins at 1:00 p.m.

during which contingency is eliminated,

determination of best bid is made, and

ties are broken;

- evaluation period ends and award

posting if no match required at 2:00

p.m.;

- match or award is communicated by 2:00 p.m.;