East Tennessee Natural Gas, LLC

Third Revised Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-76-001, Status: Effective

Substitute Third Revised Sheet No. 364 Substitute Third Revised Sheet No. 364

Superseding: Third Revised Sheet No. 364

 

GENERAL TERMS AND CONDITIONS (Continued)

 

 

(d) Bids must contain the following information:

 

(i) the identity of the Bidder (which will be concealed

during the Bid Period);

 

(ii) the Release Request number to which the Bid relates;

 

(iii) the bid rate(s) that the Bidder is willing to pay for

the released storage rights. For releases that become

effective on or after July 30, 2008, a bid rate in

excess of the maximum tariff rate for the applicable

service can be submitted for a proposed release with a

term of one (1) year or less if the effective date of

the release is on or before one (1) year from the date

on which Transporter is notified of the release; such

rate will be utilized in the determination of the

"best bid" pursuant to Section 17.7.

 

(iv) the Maximum Daily LNGS Quantity and Winter Season LNGS

Quantity for the Bid;

 

(v) the term for which the Bidder wishes to obtain the

storage rights;

 

(vi) whether the bid is contingent, and if so, the basis

for the contingency; and

 

(vii) an e-mail address for at least one contact person. It

is the Bidder's responsibility to update e-mail

address information provided to Transporter as

necessary.

 

Any contingency included in the bid shall not be contrary to

any applicable provision of this FERC Gas Tariff.

 

18.6 Applicable Deadlines

 

(a) The deadlines for the posting and award of a Release Request

and the corresponding minimum Bidding Periods are as

specified in Section 17.6 with respect to the release of

transportation services.

 

(b) The deadlines provided in this Section 18.6 are only

applicable if (i) all the information provided by the

parties to the transaction is valid and the Replacement

Shipper has been determined to be creditworthy before the

capacity release bid is tendered; and (ii) there are no

special terms or conditions of the release. If the

Releasing Shipper specifies a bid evaluation methodology

other than highest rate, net revenue or present value, or

any other special terms or conditions, the timeline set

forth in Section 17.6(a) shall apply; provided, however, one

additional Business Day will be added to the evaluation

period. Such extended evaluation period shall cause gas

flow to be at least one day later than gas could flow under

the timeline set forth in Section 17.6(a).