Honeoye Storage Corporation

Original Volume No. 1A

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Effective Date: 04/01/2003, Docket: RP03-256-000, Status: Effective

First Revised Sheet No. 17 First Revised Sheet No. 17 : Effective

Superseding: Original Sheet No. 17

a bid is received that more closely meets the criteria specified by the

Releasing Customer, Seller shall provide the Pre-Arranged Replacement

Customer an opportunity during the Matching Period to match or exceed

the bid that more closely meets the criteria specified by the Releasing

Customer. No later than 2:00 p.m. Central Clock Time , the Pre-Arranged

Replacement Customer shall receive notification on the EBB of the terms

and conditions of the prevailing bid and shall have the Matching Period to

respond via the EBB. No later than 3:00 p.m. Central Clock Time , the

Replacement Customer shall post on the EBB its match response. Absent a

response, the capacity shall be awarded to the prevailing bidder no later

than 4:00 p.m. Central Clock Time.

 

(g) Released Capacity will be awarded to the Replacement Customer which otherwise

satisfies the requirements of this FERC Gas Tariff and also meets all of the

conditions of the offer to release capacity. In the case of multiple bid winners, the

highest ranking bid will receive the entire maximum amount of capacity bid. The

next highest ranking bidder will receive the remainder of the offered capacity

provided that the amount remaining is above the bidder's minimum acceptable

quantity. Any remaining capacity will be awarded to the next highest bidder under

the same provisions as above. This process will repeat until either all of the

offered capacity is awarded or the remaining capacity falls below either the

Releasing Customer's minimum quantity or all of the remaining bidder's

acceptable quantities. Seller shall not be required to contract with parties

submitting bids that do not meet the conditions of the offer to release capacity,

however, subject to approval of Releasing Customer, Seller may accept bids

offering a price or term less than that set forth in the release. Bids will be

evaluated by the criteria provided by the Releasing Customer. If no criteria are

provided by the Releasing Customer, bids will be accepted in the order of priority

based upon the highest economic value offered by the competing bids as defined

in Section 10 of the General Terms and Conditions of this FERC Gas Tariff. The

ultimate awarding of the capacity will be posted subsequently on Seller's EBB by

3:00 p.m. Central Clock Time, unless bidder was a contingent bidder and the

contingency did not occur. Seller will tender a numbered Agreement to the

winning bidder within one hour of posting an award