Young Gas Storage Company, Ltd.

Original Volume No. 1

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

First Revised Sheet No. 84A First Revised Sheet No. 84A

Superseding: Original Sheet No. 84A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9.12 (Continued)

 

(f) For bids evaluated using any of the first three methods

(Sections 9.12(d)(i) through (iii), above), Transporter shall

notify Releasing Shipper and successful bidder no later than

5:00 p.m. CCT on the Day before Nominations are due (as

specified in Section 9.5, hereof) and the capacity shall be

awarded to the successful Bidding Shipper(s) (i.e., the

Replacement Shipper(s)).

 

(g) If bids from two or more Bidding Shippers result in bids of the

highest equal value, the first bid received of highest equal

value will be awarded the capacity.

 

In the case where valid bids for less than the full release

quantity have been received, Transporter shall, where

appropriate, award all valid bids until all offered capacity

has been awarded.

 

(h) With respect to a prearranged release, if no better offer (as

determined above) is received during an open season or the

prearranged offer is for the applicable maximum Reservation

Rate(s) under the applicable rate schedule for a term of more

than one year and meets all the other terms of the release,

then the prearranged Shipper shall become the Replacement

Shipper for the released capacity. If a better offer is

received during the open season, the prearranged Shipper shall

have the time specified in Section 9.5 hereof to match that

offer. If the prearranged Shipper fails to match the better

offer, then the Bidding Shipper who presented the better offer,

as determined above, shall become the Replacement Shipper.

 

(i) A Releasing Shipper shall retain all of the capacity under the

executed Storage Service Agreement or Replacement Capacity

Agreement that is not acquired by a Replacement Shipper as the

result of an open season or a prearranged release.

 

(j) If no bids are received which meet or exceed all of the minimum

conditions specified by Releasing Shipper, no capacity shall be

awarded.