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