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