Wyckoff Gas Storage Company, LLC

Original Volume No. 1

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Effective Date: 12/31/9999, Docket: RP09- 444-000, Status: Accepted

Original Sheet No. 9 Original Sheet No. 9

 

(g) All gas injected into storage for Shipper’s account under

this Rate Schedule must be withdrawn by Shipper’s contract termination

date, provided that such final contract termination date shall be

extended one Day for each Day, during the 30 Days preceding Shipper’s

final contract termination date that Shipper’s ISS withdrawals are

interrupted by Transporter.

 

3. BIDDING PROCEDURES

 

(a) If Transporter, in its reasonable discretion, determines

that storage capacity is available under this Rate Schedule,

Transporter shall post a notice to that effect on its EBB.

 

(b) Transporter’s notice shall include:

 

(1) the maximum quantity of interruptible storage

capacity available;

 

(2) the minimum bid rate Transporter is willing to accept;

(3) any applicable restrictions on injections or

withdrawals of that capacity, including MDIQ/MDWQ and MHIQ/MHWQ;

 

(4) the term during which the capacity will be available,

and

 

(5) the bidding period.

 

(c) Prospective Shippers shall submit their bids to

Transporter by email or facsimile transmission per the instructions

posted on the EBB. Multiple bids may be submitted throughout the

bidding period. Transporter shall notify bidders of rejected bids.

 

 

(d) Bids shall contain the following information:

 

(1) The Capacity Charge, inclusive of surcharges, bid for

the capacity expressed in terms of cents per Dth (cents/Dth) to the

nearest one hundredth of one cent (00.00 cent);

 

(e) Transporter shall review all timely submitted bids that

have not been rejected and shall award service to the bidders

submitting the highest valid Capacity Charge bid; provided that the

winning bidders have satisfied the requirements of Section 3.1 of the

General Terms and Conditions.

 

(f) If bids of the same value are submitted by two or more

bidders and the available storage capacity is insufficient to satisfy

the quantities requested, the available capacity shall be awarded and

allocated pro rata among those bidders, based upon the quantities bid.

Bidders awarded a pro rata allocation may reject such pro rata

allocation, by notice to Transporter as set forth in Transporter’s

notification of Bidder of the award. Otherwise, all capacity awarded to

a Shipper hereunder must be accepted by Shipper.

 

(g) If any date in this section falls on a weekend or

Transporter Holiday, such date shall be deemed for purposes of this

Section to be the next succeeding business Day.