Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-71-001, Status: Effective

Sub Third Revised Sheet No. 118 Sub Third Revised Sheet No. 118

Superseding: Third Revised Sheet No. 118

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Prior to the nomination deadline for the chosen cycle

for the begin date specified in Releasing Customer's

offer, the Prearranged Customer must initiate

confirmation of prearranged deals electronically via

the LINK® System.

 

Prearranged Customer's nominations will be processed

in accordance with the nomination and scheduling

requirements of Section 8 of the General Terms and

Conditions; however, in no circumstance will gas flow

prior to the effective date of the release as

specified in Releasing Customer's offer.

 

(3) Notwithstanding the standard timelines specified in

Section 4.3(d)(2) above, Saltville shall support a

process to allow the Releasing Customer and the

Prearranged Customer to create and finalize

prearranged non-biddable capacity release transactions

to be effective for a given Gas Day at any time prior

to 7:00 a.m. CCT on the calendar day on which that Gas

Day ends.

 

4.4 Pre-arranged Releases. Customer may designate an entity (a

"Prearranged Customer") to which it has agreed to release the

capacity upon specified terms and conditions. Customer's offer to

release under such a pre-arranged transaction shall be subject to

the prior posting and bidding procedures described in Sections 4.5

and 4.6, herein, with the Prearranged Customer being given a right

to match the best bid submitted during the bid period. If a

proposed transaction with a Prearranged Customer is for a period

of 31 days or less, the Releasing Customer shall provide notice to

Saltville in accordance with this section and may implement the

release without complying with such prior posting and bidding

procedures. When a release of capacity for a period of thirty-one

(31) days or less is not subject to the bidding requirements under

this Section 4, a Releasing Customer may not rollover, extend, or

in any way continue the capacity release to the same Replacement

Customer which utilizes the same capacity or overlaps such

capacity using the thirty-one (31) day or less bidding exemption

described in Section 4.3(d)(1) above until twenty-eight (28) days

after the first release period has ended. The twenty-eight (28)

day hiatus does not apply to any re-release to the same

Replacement Customer that is posted for bidding or that qualifies

for any of the other exemptions from bidding described in Section

4.3(d)(1) above. Notice of such exempted releases shall be posted

on the LINK® System in accordance with Section 4.3 herein.

 

4.5 Posting. Following receipt of a notice of offer to release

capacity which satisfies the requirements set forth in this

section, Saltville will post such information on the LINK® System

in accordance with the timeline set forth in Section 4.3 herein;

however, Saltville shall not post any minimum conditions that

Releasing Customer has elected not to disclose. Saltville shall

also post offers to purchase capacity from those who desire

current Customers to release capacity upon receipt of the

applicable information as set forth in Section 4.17 below.