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. 58 Original Sheet No. 58

 

(h) The term of the release shall be for a fixed period and

shall not continue beyond such term.

 

18.8 Capacity Release Agreements

 

Once released capacity has been awarded, the terms of the award,

which shall be based on the Releasing Customer's offer to release

the capacity and the Replacement Customer's bid for the capacity,

and the provisions of Company's applicable Form of Service Agreement

shall together establish and constitute the contractual relationship

between Company and the Replacement Customer governing the released

capacity, with the terms of the award supplying the necessary

information to complete the applicable Form of Service Agreement.

In that regard, the Replacement Customer specifically agrees to

follow Company's nomination deadlines, as set forth in Section 17.1

of these General Terms and Conditions. Such contracting process shall

be accomplished through Company's EBB.

 

18.9 Posting Periods

 

The Capacity Release Timeline is applicable to all parties

involved in the Capacity Release process; however, it is only

applicable if 1) all information provided by the parties to

the transaction is valid, 2) there are no special terms or

conditions of the release, and 3) for purposes of determining

the Best Bid, the methodology specified by the Releasing

Customer is either highest rate, net revenue, or present value.

 

(a) For Short-Term Releases (less than one year): (All times

are Central Clock Time)

 

12:00 noon - Releasing Customers must input offers subject to

bid to release firm capacity on a business day (and Pre-Arranged

Replacement Customer's Bid information if applicable) in the

Capacity Release product on Company's EBB or through electronic

data interchange for Company's approval.

 

1:00 p.m. - Bidding period closes for all applicable offers

on a business day. Evaluation period begins. During the

evaluation period, contingency bids are eliminated, determination

of best bid is made, and ties are broken.

 

2:00 p.m. - Evaluation period ends. Company identifies the

highest bidder(s); or notifies Pre-Arranged Customer of right to

match the best bid pursuant to Section 18.5(i).

 

2:30 p.m. - Pre-Arranged Replacement Customer's right to match

the best bid expires.