Eastern Shore Natural Gas Company

Second Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-337-001, Status: Effective

Sub 2nd Revised Sheet No. 193A Sub 2nd Revised Sheet No. 193A

Superseding: First Revised Sheet No. 193A

 

EASTERN SHORE NATURAL GAS COMPANY

GENERAL TERMS AND CONDITIONS

(Continued)

 

29. Capacity Release (Continued)

 

(d) Submission of Offers and Bids (Continued)

 

(7) Releasing and Replacement Shippers shall hold TSP

harmless with regard to any claim which may be

raised by any party regarding the selection of a

Best Bid, except to the extent that such party

successfully establishes that TSP has incorrectly

selected the Best Bid as the result of the negligent

action or willful misconduct of TSP.

 

(8) Only eligible Bidders may bid on a Releasing

Shipper?s offer to release capacity.

 

(e) Biddable and Non-biddable Releases

 

The Capacity Release timeline is applicable to all parties

involved in the Capacity Release process; however, it is

only applicable if 1) all information provided by the

parties to the transaction is valid and

the acquiring Shipper has been determined to be credit

worthy before the capacity release bid is tendered, 2) there

are no special terms or conditions of the release,

and 3) for purposes of determining the Best Bid, either

(a)the methodology specified by the Releasing Shipper is

either the highest rate, net revenue, or present value,

or (b) the present value methodology specified in

Section 29(h) of the General Terms and Conditions is

applicable of TSP?s FERC Gas Tariff.

 

(1) For Biddable Releases (one year or less)

 

- offers should be tendered by 12:00 pm CCT on a

Business Day;

- open season ends no later than 1:00 pm

on a Business Day (evaluation period begins at

1:00 pm CCT 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 pm CCT;

- match or award is communicated by 2:00 pm CCT;

- match response by 2:30 pm CCT;