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. 20 First Revised Sheet No. 20 : Effective

Superseding: Original Sheet No. 20

RATE SCHEDULE FSS (continued)

 

(ii) Matching Rights. A Pre-Arranged

Replacement Customer shall have the right of

first refusal for a time period as negotiated

by the Releasing Customer and the Pre-

Arranged Replacement Customer ("Matching

Period"). If no Matching Period has been

negotiated, the Matching Period will be

deemed to be one (1) hour following the time

the Pre-Arranged Replacement Customer has

been notified of the winning bid. In the

event a bid is received that more closely

meets the criteria specified by the Releasing

Customer, Seller shall provide the Pre-

Arranged Replacement Customer an opportunity

during the Matching Period to match or exceed

the bid that more closely meets the criteria

specified by the Releasing Customer. The Pre-

Arranged Replacement Customer shall receive

notification on Seller's Internet website no

later than the applicable time pursuant to

the Capacity Release Timeline of the terms

and conditions of the prevailing bid and

shall have the Matching Period to respond via

Seller's Internet website. The Replacement

Customer shall post on Seller's Internet

website its match response no later than the

applicable time pursuant to the Capacity

Release Timeline. Absent a response, the

capacity shall be awarded to the prevailing

bidder no later than the applicable time

pursuant to the Capacity Release Timeline.

 

(g) Released Capacity will be awarded no later than the

applicable time pursuant to the Capacity Release Timeline.

The capacity will be awarded to the Replacement Customer

which otherwise satisfies the requirements of this FERC Gas

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 awarded

to the next highest bidder under 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