Steuben Gas Storage Company

Original Volume No. 1

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Effective Date: 12/01/2009, Docket: RP10-178-000, Status: Effective

Fourth Revised Sheet No. 15 Fourth Revised Sheet No. 15

Superseding: Third Revised Sheet No. 15

 

RATE SCHEDULE FS

FIRM STORAGE

(Continued)

 

(f) PRE-ARRANGED RELEASE

 

(i) Releasing Customer shall have the right to release

capacity to a Pre-arranged Replacement Customer

without posting an offer on the Internet website if: (1)

the Replacement Customer confirms via the Internet

website the terms and conditions of the Pre-Arranged

Release; and (2) the release constitutes "a release to an asset manager" within the meaning of 18 C.F.R. § 284.8(h)(3); (3) the release constitutes "a release to a marketer participating in a state-regulated retail acces

rates, for releases of more than one year and meets

all other terms and conditions of the release, or the

release is for any period of 31 Days or less. If Releasing Customer exercises such right, it must notify Seller prior to the nomination of the released entitlements, and the Replacement Customer shall adhere to the contracting requirements

 

(ii) Matching Rights. A Pre-arranged Replacement Customer

shall have the right of first refusal for a time

period as negotiated by the Releasing Customer and the

Pre-arranged Replacement Customer ("Matching Period").

If no Matching Period has been negotiated, the

Matching Period will be deemed to be one (1) hour

following the time the Pre-arranged Replacement

Customer has been notified of the winning bid. In the

event a bid is received that more closely meets the

criteria specified by the Releasing Customer, Seller

shall provide the Pre-arranged Replacement Customer an

opportunity during the Matching Period to match or

exceed the bid that more closely meets the criteria

specified by the Releasing Customer. No later than

2:00 p.m. Central Clock Time, the Pre-arranged

Replacement Customer shall receive notification on the

Internet Site of the terms and conditions of the

prevailing bid and shall have the Matching Period to

respond via the Internet Site. No later than 2:30 p.m.

Central Clock Time, the Pre-arranged Replacement

Customer shall post on the Internet Site its match

response. Absent a response, the capacity shall be

awarded to the prevailing bidder no later than 3:00

p.m. Central Clock Time.

 

 

Steuben Gas Storage Company Fourth Revised Sheet No. 15

FERC Gas Tariff Superseding

Original Volume No. 1 Third Revised Sheet No. 15

 

Issued by: William R. Moler, V.P. Commercial Operations Effective on: December 1, 2009

 

Issued on: November 24, 2009