Richfield Gas Storage System

Substitute Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-150-002, Status: Effective

Original Sheet No. 10B Original Sheet No. 10B : Superseded

 

economic value of the withdrawn bid. Bids cannot

be withdrawn after the posting period ends. Bids

to accept assignment will be posted on Richfield's

EBB with the bidder's identity deleted.

 

(f) Selection of Replacement Customer

 

(1) The Addendum to the Capacity Release Service

Agreement will be provided by 10 a.m. on the day of

nomination to the Replacement Customer whose bid

provides the greatest economic value, as defined by

the Releasing Customer in accordance with Section

6(c)(6) or, if the Releasing Customer does not

specify a method of determining economic value, the

economic value will be determined by utilizing the

present value method, and whose bid meets all the

conditions placed upon the assignment by the

Releasing Customer as provided for in Section 6(c).

If the bids of two or more Replacement Customers

provide the same economic value and both meet all

the conditions placed upon the assignment,

Richfield will tender the Addendum to the Capacity

Release Service Agreement to the Replacement

Customer who submitted its bid first unless, in

accordance with Section 6(c), the Releasing

Customer has specified an alternative method for

breaking ties, in which event the method specified

by the Releasing Customer shall be used. When

Richfield makes awards of capacity for which there

have been multiple bids meeting minimum conditions,

Richfield shall award the bids, best bid first,

until all offered capacity is awarded.

 

(2) If the Releasing Customer has notified Richfield in

the Release Notice that it has arranged a

Designated Replacement Customer who has agreed to

pay less than the applicable maximum rate for the

service, and no party submits a bid for the

assignment providing greater economic value,

Richfield will provide the Addendum to the Capacity

Release Service Agreement to the Designated

Replacement Customer by 10 a.m. on the day of

nomination.

 

(3) If the Releasing Customer has notified Richfield in

the Release Notice that it has arranged a

Designated Replacement Customer who has agreed to

pay less than the applicable maximum rate for the