UGI LNG, Inc
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 06/01/2009, Docket: RP09-365-000, Status: Effective
Original Sheet No. 57 Original Sheet No. 57
The terms of the winning bid shall be posted by Company in
accordance with Section 18.11(c).
18.7 Submission of Offers and Bids
(a) Offers for capacity to be released and bids for released
capacity shall be submitted to Company via its EBB service or
electronic data interchange. Offers are binding until electronic
notice of withdrawal is received by Company. For each business day,
all objectively stated and nondiscriminatory approved offers for
release capacity received by Company from Releasing Customers will
be made available on Company's EBB service or through electronic data
interchange in accordance with Section 18.9. Where unanticipated
circumstances justify, such offers may be withdrawn unless a minimum
bid has been submitted for such capacity.
(b) All potential Replacement Customers must have satisfied
Company's requirements for credit worthiness pursuant to Section
19 of the General Terms and Conditions of Company's Tariff prior
to submitting a bid for firm capacity posted by a Releasing
Customer. If a party does not qualify as a qualified Replacement
Customer pursuant to this Section, the party cannot bid on a
Releasing Customer's offer.
(c) Only demand charge bids will be allowed, stated either as
a daily demand charge per Dt per day of vaporization quantity
entitlement applicable to the capacity for storage reservation
rate releases or as a daily demand charge per Dt per day
vaporized for storage volumetric releases.
(d) Releasing and Replacement Customers shall hold Company harmless
with regard to any claim which may be raised by any party
regarding the selection of a Best Bid, except to the extent
that such party successfully establishes that Company has
incorrectly selected the Best Bid as the result of the
negligent action or willful misconduct of Company.
(e) Potential Customers bidding for capacity shall have
access to other potential Customers' bids, excluding bidder's
identity, during the bidding process.
(f) Releasing Customer may not extend the bid period or the
prearranged deal match period, without posting a new release.
(g) For prearranged capacity releases, the Releasing Customer
must submit both the offer and the bid. The Replacement Customer
must confirm the prearranged capacity release by accepting the
prearranged bid prior to Company awarding such released capacity.