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 Fourth Revised Sheet No. 119 Sub Fourth Revised Sheet No. 119

Superseding: Fourth Revised Sheet No. 119

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4.6 Bidding and Selection of Replacement Customer. All bids must

contain the applicable information required in this Section 4. If

Releasing Customer desires to solicit bids for releases of 31 days

or less, it may direct Saltville to post notice of the

availability of such capacity and, in lieu of permitting bids

during the otherwise applicable posting period, award the capacity

to the bidder which submits first in time a valid bid meeting any

minimum terms specified by the Releasing Customer. For releases

that become effective on or after July 30, 2008, Replacement

Customers may submit bids in excess of the maximum tariff rate for

the applicable service if (i) the term of the proposed release is

one (1) year or less, and (ii) the effective date of the proposed

release is on or before one (1) year from the date on which

Saltville is notified of the release. Such rate will be utilized

in the determination of the "best bid." Any bid submitted by a

Replacement Customer shall include an e-mail address for at least

one contact person and it is Customer's responsibility to update

e-mail address information provided to Saltville, as necessary.

Any contingencies included in the bid shall not be contrary to any

applicable provision of this FERC Gas Tariff. A bidder may not

have more than one eligible bid for the same release offer at any

time. Bids shall be binding until written or electronic notice of

withdrawal is received by Saltville before the end of the bid

period. Bids cannot be withdrawn after the bid period ends. Once

a bid is withdrawn, that bidder may only submit a new bid pursuant

to that release offer if it is at a higher rate than the withdrawn

bid. Saltville shall evaluate the bids in accordance with the

provisions of Section 4.7 herein and shall determine the best bid

in accordance with the timelines set forth in Section 4.3 herein.

Saltville shall not award capacity release offers to the

Replacement Customer until and unless the Replacement Customer

meets Saltville's creditworthiness requirements applicable to all

services that it receives from Saltville, including the service

represented by the capacity release. Saltville shall notify

Releasing Customer, the best bidder, and any Prearranged Customer

of such determination in accordance with the timelines set forth

in Section 4.3 herein. If there is a Prearranged Customer, such

Prearranged Customer may exercise its right to match such best bid

by providing notice of such exercise to Saltville via the LINK®

System in accordance with the timelines set forth in Section 4.3

herein. After the Replacement Customer is selected, Saltville

will provide an appropriate Addendum to the Capacity Release

Umbrella Agreement in the form contained in this FERC Gas Tariff

to the Replacement Customer via e-mail, at which time the

Replacement Customer will have the same rights and obligations as

any other existing Customer on Saltville's system, including

capacity release under this Section 4, subject to the re-release

rights specified by Releasing Customer pursuant to Section 4.1(s)

above. Saltville will notify the Releasing Customer with recall

rights of the name of new Replacement Customers who subsequently

obtain all or a portion of such capacity after the Addendum to the

Capacity Release Umbrella Agreement is tendered. Following

implementation of the release, Saltville shall post notice of the

winning bidder on the LINK® System.