Richfield Gas Storage System

Substitute Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-150-004, Status: Effective

Revised First Revised Sheet No. 10 Revised First Revised Sheet No. 10 : Superseded

Superseding: Original Sheet No. 10

(d) Posting. Richfield will post the information provided in

each Release Notice, upon receipt; unless Releasing Customer

requests otherwise, provided, however, if the Releasing

Customer notifies Richfield in the Release Notice that it has

arranged for the assignment of its Agreement to a Designated

Replacement Customer which has agreed to an assignment with a

term of not more than thirty-one (31) days, the posting shall

commence by 9 a.m. Central Time on the day of nomination. If a

Releasing Customer requests a posting time, Richfield shall

support such request insofar as it comports with the standard

timeline set forth in Section 6(e)(4). A Releasing Customer

should not be able to specify an extension of the original

posting period or the pre-arranged assignment match period,

without posting a new Release Notice.

 

(e) Bidding For Assignments.

 

(1) Richfield will post the information provided in

each bid to accept assignment of the Agreement

under the conditions posted in conjunction with a

Release Notice. In order to submit a valid bid,

any party, including a Designated Replacement

Customer, must be on the approved bidders list.

Designated Replacement Customer shall initiate

confirmation of prearranged assignments.

 

(2) To be on the approved bidders list, a party must

meet the provisions of Section 10 of these General

Terms and Conditions and must have executed a

Capacity Release Service Agreement with Richfield

in the form as set forth in this Tariff (Capacity

Release Service Agreement). A party shall remain

on the approved bidders list until such party

notifies Richfield to the contrary, no longer meets

the credit qualifications in Section 10 of these

General Terms and Conditions or is suspended from

the approved bidders list in the event and for such

time as such party fails to pay part or all of the

amount of any bill for service in accordance with

Section 5 of these General Terms and Conditions.

 

(3) No bids will be accepted for Agreements where the

Releasing Customer notifies Richfield in its

Release Notice that it has arranged for the

assignment of its Agreement to a Designated

Replacement Customer that is on the approved

bidders list, which has agreed to pay the

applicable maximum rate for the service and which

has agreed to all other conditions applicable to

the assignment, or for assignments made to a

Designated Replacement Customer which has agreed to

a term for the assignment of not more than thirty-

one (31) days. Such assignments for which no bids

will be accepted shall be posted on Richfield's EBB

by 9 a.m. on the day of nomination.