Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 10/01/2009, Docket: RP09-953-000, Status: Effective

First Revised Sheet No. 119A First Revised Sheet No. 119A

Superseding: Original Sheet No. 119A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4.7 Best Bid. When Saltville makes awards of capacity for which there

have been multiple bids meeting minimum conditions, Saltville

shall award the bids, best bid first, until all offered capacity

is awarded; provided, however, that in the event that both a

contingent bid and a non-contingent bid meet the minimum

conditions stated in Section 4.1(m) above and generate the "best

bid," Saltville shall reject the contingent bid, even if the bid

with no contingency was received later in time. The capacity

being awarded represents the Maximum Daily Delivery Obligation,

Maximum Daily Injection Quantity, Maximum Daily Receipt

Obligation, Maximum Daily Withdrawal Quantity, or Maximum Storage

Quantity. These quantities are separate parts of the capacity and

are awarded until one of the quantities is fully awarded, at which

point all capacity is deemed to be fully awarded. Saltville shall

evaluate and determine the best bid among those otherwise

consistent with any terms and conditions specified by the

Releasing Customer as follows:

 

(a) Saltville shall apply the standard or criteria for such

determination specified by the Releasing Customer, including

the standard to be used for breaking ties. Any standard or

criteria so specified must be objective, economic, not

unduly discriminatory, not contrary to applicable provisions

of this FERC Gas Tariff, applicable to all potential

Replacement Customers and require Saltville to exercise no

more than a ministerial function in applying such standard.

The Releasing Customer shall indemnify and hold Saltville

harmless from and against all demands, losses, claims,

expenses, causes of action and/or damages suffered or

incurred by Saltville arising out of or related to any

determination of a "best bid" pursuant to a standard

specified, supplied, approved or provided by Releasing

Customer.