Freebird Gas Storage, L.L.C.
First Revised Volume No. 1
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Effective Date: 03/20/2009, Docket: RP09-373-001, Status: Effective
Substitute First Revised Sheet No. 119 Substitute First Revised Sheet No. 119
Superseding: Superseding First Revised Sheet No. 119
- Evaluation period ends and award is posted if no match is required at 2:00
p.m. CCT the same Day;
- If the prearranged Shipper’s bid is not the “best bid,” Freebird shall
allow such Prearranged Shipper a matching period of thirty (30) minutes from
2:00 P.M. CCT until 2:30 P.M. CCT on the Day the bid period ends, or such
later time as specified in the Releasing Shipper’s offer, to determine whether
to match the “best bid” and to notify Freebird of its decision.
- If a match is required, the award will be posted by 3:00 p.m. CCT.
Freebird will issue a contract within one hour of the award posting (with a
new contract number, when applicable). Nominations for Gas flow are possible
beginning at the next available nomination cycle for the effective date of the
contract. Such nominations will be processed in accordance with the
nomination and scheduling requirements of Section 8 of the General Terms and
Conditions; however, in no circumstance will Gas flow prior to the effective
date of the release as specified in Releasing Shipper’s offer.
(c) Timeline for Non-standard Releases
If Shipper specifies a bid evaluation methodology other than those
stated in Section 4.7, or any special terms or conditions, the above timelines
shall apply; provided, however, one additional Business Day will be added to
the evaluation period. Subsequent deadlines will be delayed by such additional
Business Day, causing Gas flow to occur at least one Day later than under the
standard timelines set forth in Sections 4.3(a) and 4.3(b), above.
(d) Releases Not Subject to Bidding
Prearranged capacity releases of a duration of thirty-one (31) days or
less, to an asset manager (as defined by FERC regulations at 18 C.F.R. §
284.8(h)(3)), or to a marketer participating in a state-regulated retail
program (as defined by FERC regulations at 18 C.F.R. § 284.8(h)(4)) are not
required to be posted for bidding pursuant to Section 4.3. Nonetheless, the
Shipper may elect to post one of the foregoing releases for bidding pursuant
to Section 4.3, Shipper shall notify Freebird by providing the information
pursuant to Section 4.1, which information will be posted on the Internet Web
Site as required by Section 4.5 in accordance with the following timelines:
Posting of prearranged deals not subject to bid are due by 10:30 a.m. CCT.
Posting of prearranged deals not subject to bid are due by 5:00 p.m. CCT.
Intraday 1 Cycle:
Posting of prearranged deals not subject to bid are due by 9:00 a.m. CCT.
Intraday 2 Cycle:
Posting of prearranged deals not subject to bid are due by 4:00 p.m. CCT.
Prior to the nomination deadline for the chosen cycle for the begin
date specified in the Shipper notice, the Prearranged Shipper must initiate
confirmation of prearranged deals electronically. Freebird will issue a
contract within one hour of notification of the release (with a new contract