Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP08-479-002, Status: Pending

Sub Original Sheet No. 111B.01 Sub Original Sheet No. 111B.01

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

3. CONTRACTING FOR SERVICE (continued)

 

3.8 Allocation of Available Firm Storage Capacity. (continued)

 

 

(d) Duration of open season for ROFR capacity. An open season

for storage capacity held pursuant to Section 8 of Rate

Schedule FSS ("ROFR capacity") shall be held according to

the timeline specified in Section 8.2(b) of such rate

schedule. During the open season, Saltville will accept

bids from potential Customers for the service identified in

the notice of the open season.

 

(e) Duration of open season for non-ROFR capacity. An open

season for non-ROFR capacity held pursuant to this Section

3.8 shall be held for a period of not less than five (5)

Business Days. For any open season conducted pursuant to

this Section 3.8(e) for service with a term of less than

ninety (90) Days, the open season will be conducted for a

duration of one (1) Business Day. For an open season under

this Section 3.8(e) for service with a term equal to or

greater than ninety (90) Days, the open season will be

conducted for a duration of (i) five (5) Business Days from

the posting of the notice of request for service for the

capacity or (ii) fifteen (15) Business Days from the date

the capacity in question was first posted as being available

for contracting, whichever is the later calendar date. In

no event shall the open season be held for a period greater

than one (1) calendar month. During the open season, which

will end at 2:00 p.m. CT not less than one (1) Business Day

prior to the date service would be available, Saltville will

accept bids from potential Customers for the service

identified in the notice of the open season.

 

(f) Submission of bids. Bidders who desire service to be

provided in whole or in part by the capacity posted pursuant

to this Section 3.8 must submit bids for such capacity to

Saltville online via the LINK® System. To be a valid bid, a

bid must comply with the bid requirements set forth in

Section 3.8(f). In addition, the bidder must provide all

information and data required by Sections 3.2 and 3.4 of

these General Terms and Conditions.

 

(g) Rejection of bids. Saltville reserves the right to reject

any bid (i) that may detrimentally impact the operational

integrity of Saltville's facilities, (ii) that yields an

economic value that is unacceptable to Saltville, (iii) that

contains a rate that is less than the applicable maximum

rate, (iv) that does not satisfy all of the terms of a

specific open season posting, (v) that does not contain all

of the required information specified in the notice of the

open season, (vi) that contains terms and conditions other

than those provided for in Saltville's FERC Gas Tariff,

and/or (vii) for which the requesting Customer does not

demonstrate creditworthiness pursuant to Section 3.4 of the

General Terms and Conditions. If Saltville rejects any

request for available capacity posted pursuant to this

Section 3.8, Saltville will notify the potential Customer

that submitted the rejected bid of the reason(s) for such

rejection via e-mail.