East Tennessee Natural Gas, LLC

Third Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 01/01/2009, Docket: RP09-76-000, Status: Effective

Fourth Revised Sheet No. 363 Fourth Revised Sheet No. 363

Superseding: Third Revised Sheet No. 363

 

GENERAL TERMS AND CONDITIONS (Continued)

 

 

(c) [Reserved for Future Use]

 

(d) Transporter makes no representation or warranty to any party

concerning the accuracy or completeness of any posted

information or concerning the willingness or ability of any

Releasing Shipper to release storage rights hereunder or of

any Bidder to accept storage rights hereunder. Transporter

undertakes no obligation to any party by its posting of any

information pursuant to this Section 18 and Transporter

shall not be liable to any party for any damages of any

nature whatsoever, including without limitation any special,

incidental or consequential damages, or any other kind that

may arise in connection with the posting of information

hereunder, except as provided in the LINK® System Agreement

or Trading Partner Agreement entered into between

Transporter and each user of its System.

 

18.5 Bidding for Storage Rights

 

(a) Persons that desire to bid on released storage rights or

confirm pre-arranged releases must pre-qualify with

Transporter by entering into a Released Storage Service

Agreement with Transporter and by demonstrating

creditworthiness in the same manner and subject to the same

standards and procedures as required for firm Shippers under

Section 6 of Transporter's General Terms and Conditions.

The creditworthiness requirement shall be continuing in

nature in the same manner and to the same extent as

prescribed for Shippers in Section 6 of Transporter's

General Terms and Conditions. Transporter will waive the

creditworthiness requirement on a non-discriminatory basis

for Bidders on a Release Request, and permit them to submit

Bids or confirm pre-arranged releases, if the Releasing

Shipper provides Transporter with a guarantee satisfactory

to Transporter of all financial obligations of the

Replacement Shipper under its Released Storage Service

Agreement prior to the commencement of service to the

Replacement Shipper.

 

(b) Pre-qualified Bidders may submit Bids during the Bidding

Period applicable to a Release Request. All bids must be

submitted via LINK®. In transmitting a bid, Bidders

recognize that such bid will be accessible by other Bidders

via LINK®; however, LINK® will identify bids by bid number

and the name of the Bidder will not be posted.

 

(c) Bidding will be an iterative process in that a Bidder may

submit any number of Bids during the Bidding Period;

provided that each new submission of a Bid effects the

withdrawal of the previous one such that a Bidder may not

have more than one Bid in contention for the capacity at the

same time. If a Bidder withdraws its Bid and resubmits a

new Bid, such new Bid must be at a higher rate. A Bidder

retains the right to withdraw its Bid by resubmitting a new

bid or with written or electronic notice of withdrawal,

until the close of the Bidding Period at which time such Bid

shall become binding.