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. 24 Original Sheet No. 24
the method of evaluation, Transporter shall not be required to meet the
posting and bidding timelines set forth in Sections 8.2 and 8.3, respectively.
(d) At any time up to the close of the bidding period for
the posted capacity, the Releasing Shipper may withdraw its posting for
release of capacity if the Releasing Shipper itself has an
unanticipated use for the capacity and no minimum bid has been made.
Such a withdrawal shall be effected by the Releasing Shipper by
transmitting to Transporter a notice of withdrawal for posting on
Transporter’s EBB. Offers will be binding until a notice of withdrawal
is received by Transporter.
Capacity Release Timeline:
(i) For biddable releases (less than 1 year):
- Offers should be tendered by 12:00 P.M. on a Business Day;
- The open season ends no later than 1:00 P.M. on the same Business
Day
- The evaluation period begins at 1:00 P.M. on the Business Day the
open season ends, during which contingency is eliminated, determination
of best bid is made, and ties are broken;
- The evaluation period ends and the award is posted if no match is
required at 2:00P.M.;
- The match or award is communicated by 2:00 P.M.;
- A match response is required by 2:30 P.M.;
- The award will be posted by 3:00 P.M.;
- A contract will be issued within one hour of the award posting
(with a new contract number, when applicable); nominations for gas flow
will be possible beginning at the next available nomination cycle for
the effective date of the contract. (Central Clock Time)
(ii) For biddable releases (1 year or more):
- Offers should be tendered by 12:00 P.M. four Business Days before
the award;
- The open season ends no later than 1:00 P.M. on the Business Day
before
timely nominations are due (open season is three Business Days);
- The evaluation period begins at 1:00 P.M. on the Business Day the
open season ends, during which contingency is eliminated, determination
of best bid is made, and ties are broken;
- The evaluation period ends and the award is posted if no match is
required at 2:00
P.M.;
- The match or award is communicated by 2:00 P.M.;
- A match response is required by 2:30 P.M.;
- The award will be posted by 3:00 P.M.;
- A contract will be issued within one hour of the award posting
(with a new contract number, when applicable); nominations for gas flow
will be possible beginning at the next available nomination cycle for
the effective date of the contract.
(iii) For non-biddable releases:
Timely Cycle