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).