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
(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withdrawn in writing, interactively via the electronic bulletin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
(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.