Tres Palacios Gas Storage LLC

Original Volume No. 1

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Effective Date: 08/01/2008, Docket: RP08-424-000, Status: Effective

Original Sheet No. 117 Original Sheet No. 117

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

TRES PALACIOS 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 Customer's offer.

 

(b) For standard releases of one year or longer:

 

- Offers shall be tendered by 12:00 p.m. CCT four Business Days

before the award;

- The bid period shall end at 1:00 p.m. CCT on the Day before

timely nominations are due (open season is three Business Days) or

at 1:00 p.m. CCT on any subsequent Business Day as specified in

Releasing Customer's offer, whichever is elected by Releasing

Customer;

- Evaluation period begins at 1:00 p.m. CCT on the Day the bid

period ends, during which contingency is eliminated, determination

of best bid is made, and ties are broken;

- Evaluation period ends and award is posted if no match is

required at 2:00 p.m. CCT the same Day;

- If the Prearranged Replacement Customer's bid is not the "best

bid," TRES PALACIOS shall allow such Prearranged Replacement

Customer 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 Customer's offer, to

determine whether to match the "best bid" and to notify TRES

PALACIOS of its decision.

- If a match is required, the award will be posted by 3:00 p.m.

CCT.

 

TRES PALACIOS 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 Customer's offer.

 

(c) Timeline for Non-standard Releases. If Customer

specifies a bid evaluation methodology other than those stated in

Section 4.7 or specifies 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).