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this Rate Schedule must be withdrawn by Shipper’s contract termination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