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;