Steuben Gas Storage Company
Original Volume No. 1
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Effective Date: 12/01/2009, Docket: RP10-178-000, Status: Effective
Third Revised Sheet No. 13B Third Revised Sheet No. 13B
Superseding: Second Revised Sheet No. 13B
RATE SCHEDULE FS
FIRM STORAGE
(Continued)
(9) the legal name of the Replacement Customer that is designated in
any Pre-Arranged Release ("Designated Replacement Customer");
(10) whether the release constitutes "a release to an asset manager" within the meaning of 18 C.F.R. § 284.8(h)(3);
(11) whether the release constitutes "a release to a marketer participating in a state-regulated retail access program" within the meaning of 18 C.F.R. § 284.8(h)(4);
(12) the bid evaluation method; and
(13) for volumetric releases, any minimum volumetric commitment.
(b) Seller's creditworthiness standards shall apply to any potential
Replacement Customer and Releasing Customer shall not establish its own
creditworthiness standards for bidding customer.
(c) Releasing Customer may withdraw any existing offer to release,
if a valid bid has not been received. Releasing Customer shall
be subject to the provisions of Section 8 of this Rate Schedule
prior to the commencement of the Agreement with Replacement
Customer. Releasing Customer may withdraw its offer to release
any time prior to the close of the bidding period via the
Internet Site or EDM, where unanticipated circumstances justify
such withdrawal or when no bid has been received which meets
the Releasing Customer's minimum conditions. Releasing Customer
shall have the option to accept contingent bids which extend
beyond the close of the bidding period. Releasing Customer
cannot extend the original bid period or the pre-arranged deal
Matching Period without posting a new release. Rerelease of
Released Capacity shall be allowed on the same terms and basis
as the primary release (except for volumetric releases which
may not be rereleased)
(d) CAPACITY RELEASE TIMELINE
The Capacity release timeline is applicable to all parties of
the Capacity Release process; however it is only applicable if:
(1) all information provided by parties to the transaction is
valid and Replacement Customer has been determined to be credit
worthy before the capacity release bid is tendered and (2)
release contains no special terms or conditions of the release.
(i) For biddable releases (32 days to 1 year):
(1) offers should be tendered by 12:00 P.M. on a Business
Day;
(2) open season ends no later than 1:00 P.M. on a Business
Day (evaluation period begins at 1:00 P.M. during
which contingency is eliminated, determination of best
Steuben Gas Storage Company Third Revised Sheet No. 13B
FERC Gas Tariff Superseding
Original Volume No. 1 Second Revised Sheet No. 13B
Issued by: William R. Moler, V.P. Commercial Operations Effective on: December 1, 2009
Issued on: November 24, 2009