Honeoye Storage Corporation

Original Volume No. 1A

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Effective Date: 02/21/2009, Docket: RP09-263-000, Status: Effective

Second Revised Sheet No. 14 Second Revised Sheet No. 14 : Pending

Superseding: First Revised Sheet No. 14

(5) whether the release is on a permanent or temporary basis;

 

(6) the length of time the offer to release should be posted for bidding on

Seller’s EBB;

 

(7) whether there are any reput rights;

 

(8) any other conditions or contingencies of the offer to release, including

nondiscriminatory provisions necessary to evaluate bids; and the tie

breaking criteria, provided, however, that bid evaluations will be limited

to highest rate, net revenue and present value;

 

(9) the legal name of the Replacement Customer that is designated in any Pre-

Arranged Release (“Designated Replacement Customer”) and whether

such Replacement Customer is an affiliate of the Releasing Customer;

 

(10) any requirements that Replacement Customer take title to any gas in the

released storage capacity and/or that Replacement Customer return the

capacity to Releasing Customer (at the end of the release or upon exercise

of a recall right) with a specified amount of gas in storage, and, if so, the

specified amount, and any other conditions related to the commodity

portion of the offer; and

 

(11) for volumetric releases, any minimum volumetric commitment.

 

(b) Seller’s creditworthiness standards shall apply to any potential Replacement

Customer and Releasing Customer shall not establish its own creditworthiness

standards for bidding customer.

 

(c) Releasing Customer may withdraw any existing offer to release, if a valid and

acceptable bid has not been received. Releasing Customer shall be subject to the

provisions of Section 8 of this Rate Schedule prior to the commencement of the

Agreement with Replacement Customer. Releasing Customer may withdraw its

offer to release any time prior to the close of the bidding period via the EBB or

Electronic Delivery Mechanism (“EDM”) as approved by the Commission,

where unanticipated circumstances justify such withdrawal or when no bid has

been received which meets the Releasing Customer’s minimum conditions.

Releasing Customer shall have the option to accept contingent bids which extend

beyond the close of the bidding period. Releasing Customer cannot extend the

original bid period or the pre-arranged deal Matching Period without posting a

new release. Re-release of Released Capacity shall be allowed on the same terms