Southwest Gas Storage Company
First Revised Volume No. 1
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Effective Date: 03/01/2004, Docket: RP04-146-001, Status: Effective
Third Revised Sheet No. 125 Third Revised Sheet No. 125 : Effective
Superseding: 1st Rev First Revised Sheet No. 125
GENERAL TERMS AND CONDITIONS
6. CAPACITY RELEASE (Continued)
Southwest shall issue an Addendum to the PRS unless a better
bid, established in accordance with Section 6.2(A)(11) herein,
is received within the time period specified in the posting.
In the event the PRS does not match the better bid, Southwest
shall issue an Addendum to the party who made the best bid.
(F) All bids not withdrawn by written or electronic notice to
Southwest prior to the close of the posting period specified
in the Shipper Notice shall be binding. Bids cannot be
withdrawn after the bid period ends.
(G) In the event that a winning bid has a contingency, and
Southwest is not notified through the Messenger system that
such contingency has been removed within the time period
specified in the Shipper Notice, such contingent bid will be
rejected by Southwest.
(H) The Releasing Shipper may define in the Shipper Notice the
criteria for determining the best bid. If the Releasing
Shipper does not specify the criteria, Southwest shall use
the Net Present Value calculation as set forth in Section 7.3
herein to determine the best bid. If there are multiple bids
meeting the minimum conditions, Southwest shall rank the bids
and Southwest shall award the bids, best bid first, until all
offered capacity is awarded. Southwest will notify, through
the Messenger system by 2:00 p.m. Central Time following
the end of the posting period, or by 3:00 p.m. Central Time
if a matching period is applicable, the PRS or Replacement
Shipper that capacity has been awarded.
(I) Southwest shall post the winning bids and Replacement
Shippers' identity on the Messenger system for at least five
6.5 Rights and Obligations of Releasing Shipper
(A) Regardless of the amount of capacity Releasing Shipper
releases under this Section 6, Releasing Shipper shall remain
liable for the Capacity and Deliverability Charges
attributable to the released capacity unless otherwise agreed
to in writing and in advance by Southwest. In the event of a
permanent release, Southwest may, and will not unreasonably
refuse to, waive liability of Releasing Shipper for the
Capacity and Deliverability Charges.