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).