Young Gas Storage Company, Ltd.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective

Seventh Revised Sheet No. 83 Seventh Revised Sheet No. 83

Superseding: Sixth Revised Sheet No. 83

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9.11 (Continued)

 

(b) All valid and complete bid(s) received by Transporter during

the open season as detailed in Section 9.5 hereof shall be

posted on Transporter's electronic bulletin board. The identity

of the Bidding Shipper(s) will not be posted, but all other

terms of the bid(s) will be posted on Transporter's electronic

bulletin board or will be available via EDI utilizing the NAESB

Standard data sets.

 

(c) Except as stated in this Section 9.11(c), a Bidding Shipper may

not bid a reservation rate less than the minimum Tariff

Reservation Rates nor more than the maximum Tariff Reservation

Rates, nor may the capacity or the term of the release of such

bid exceed the maximum quantity or term specified by Releasing

Shipper. No maximum rate limitation applies to a release of

capacity for a period of one year or less if the release is to

take effect on or before one year from the date on which

Transporter is notified of the release.

 

(d) A Bidding Shipper may withdraw its bid any time prior to the

expiration of the open season but may not resubmit a bid for

the same release at an equal or lower rate. Bids may be

withdrawn in writing, interactively via the electronic bulletin

board, or via an EDI upload utilizing the NAESB Standard data

set.

 

(e) A Bidding Shipper may only have one bid pending for a

particular capacity release transaction at any one time.

 

(f) All bids pending at the expiration of the open season shall be

binding upon Bidding Shipper(s). Further, the Bidding

Shipper(s) agrees that its bid will constitute a binding

agreement if the Bidding Shipper is awarded the released

capacity pursuant to this Section 9.

 

9.12 Awarding of Released Capacity. Released capacity shall be awarded in

accordance with this Section 9.12.

 

(a) If a Bidding Shipper's bid satisfies all terms and conditions

specified in the Releasing Shipper's notice, including the

posted Reservation Rates, then the capacity shall be awarded to

such Bidding Shipper, and the Releasing Shipper shall not be

entitled to reject such bid. If such bid was submitted in an

open season relating to a prearranged release, capacity shall

be awarded pursuant to Section 9.12(h) hereof.