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. 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circumstances justify, such offers may be withdrawn unless a minimum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.