Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
Fourth Revised Sheet No. 80I Fourth Revised Sheet No. 80I
Superseding: Third Revised Sheet No. 80I
GENERAL TERMS AND CONDITIONS
(Continued)
9.5 (continued)
(c) Posting Requirements and Minimum Lengths of Release Open Season
pursuant to NAESB Standard 5.3.2 (Timeline), as modified by
FERC Order 712, for Releases Complying with NAESB Standard Bid
Evaluation Methods as described in Section 9.12(d)(i) through
(iii) hereof, and which include no special terms and/or
conditions. Unless otherwise noted, all times are Central Clock
Time ("CCT").
For biddable releases (one (1) year or less):
(i) offers should be tendered by 12:00 p.m. on a Business
Day;
(ii) 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 bid is
made, and ties are broken);
(iii) evaluation period ends and award posting if no match
required at 2:00 p.m.;
(iv) match or award is communicated by 2:00 p.m.; match
response by 2:30 p.m.; where match required, award
posting by 3:00 p.m.;
(v) contract issued within one hour of award posting (with
a new contract number, when applicable); nomination
possible beginning at the next available nomination
cycle for the effective date of the contract. (Central
Clock Time)
For biddable releases (more than one (1) year):
(vi) offers should be tendered by 12:00 p.m. four Business
Days before award;