UGI LNG, Inc
Original Volume No. 1
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Effective Date: 06/01/2009, Docket: RP09-365-000, Status: Effective
Original Sheet No. 54 Original Sheet No. 54
(d) Best Bid - Potential Replacement Customers who qualify for
bidding pursuant to Section 18.7(b) hereunder ("bidders") shall
be allowed to submit bids for capacity. Within 1 hour after the
close of the bidding period, Company shall determine the Best Bid
based on the Releasing Customer's objective criteria and shall
report same to the Releasing Customer. If the Releasing Customer
does not provide the objective criteria to be used for selecting
the Best Bid, then Company's objective criteria for Best Bid shall
be used as set forth in Section 18.11.
(e) Contingent Bids - If permitted by a Releasing Customer, bidders
may qualify their acceptance of awarded capacity contingent
upon such bidder obtaining other released capacity, whether on
Company's system or a third-party pipeline. If a contingent bidder
declines awarded capacity, the next Best Bid shall be selected, and
so on, until all contingent bids related to such capacity have
been exhausted.
(f) Re-put Rights - An indication, specified at the time of the
deal, whether Releasing Customer may re-put capacity to Replacement
Customer after a recall.
18.3 Release Rights. A Releasing Customer may release its Releasable
Firm Capacity Entitlements in whole or in part on a full or partial
term basis, with or without Recall Rights or any combination thereof.
18.4 Prearranged Releases Not Subject to Prior Notice
(a) A Releasing Customer may release its Releasable Firm Capacity
Entitlements to a Replacement Customer through a Prearranged
Release by providing notice to Company, provided that the Prearranged
Release:
(i) is for a period of 31 days or less;
(ii) is to an asset manager as defined in Section 284.8(h)(3)
of the Commission's Regulations; or
(iii) is to a marketer participating in a state-regulated
retail access program as defined in Section 284.8(h) (4) of the
Commission's Regulations.
(b) At the request of the Releasing Customer, releases under Section
18.4(a)(i) through 18.4(a)(iii) may be posted for bidding
and, if so posted, are subject to the requirements of Section 18.5.
(c) Company shall post notice of the transaction on Company's EBB
service or electronic data interchange in accordance with the
provisions of Section 18.9. The notification shall include the
information set forth in Section 18.11(c).