Southern LNG Inc.

Original Volume No. 1

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Effective Date: 08/01/2009, Docket: RP09-857-000, Status: Effective

Second Revised Sheet No. 82 Second Revised Sheet No. 82

Superseding: Original Sheet No. 82

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

The Acquiring Customer shall be obligated to pay Southern LNG the Reservation Charge specified

in the award, plus all surcharges and fuel, applicable to the volumes that Southern LNG

receives or delivers under the Acquiring Customer's Service Agreement. Southern LNG will retain

the charges, surcharges, and fuel it receives from the Acquiring Customer. If any of the

maximum recourse rates billed to and paid by the Acquiring Customer under its Service Agreement

exceed the maximum recourse rate which the Commission determines to be just and reasonable, and

if Southern LNG is ordered to make refunds, then the Acquiring Customer shall be eligible to

receive refunds to the extent of any payments it made in excess of the maximum recourse rates

the Commission subsequently determines to be just and reasonable. For releases that become

effective on or after July 30, 2008, the rate paid by the Acquiring Customer in any capacity

release transaction with a term of one (1) year or less which is not subject to the maximum

rate cap will be deemed to be a final rate and is not subject to refund.

 

16.6 Offer and Bid Procedures:

 

(a) Offer/Bid Schedule:

 

The minimum days and times by which both offers and bids for releases of capacity must

be electronically transmitted to Southern LNG in accordance with the procedures set

forth in Section 16.6(c) and Section 16.6(f) below, as well as other minimum deadlines

required by Southern LNG for successful completion of the bid/offer cycle, are set

forth in Appendix D to these GT&C. The timetables in Appendix D set forth the

deadlines for standard offers to release capacity (i.e., those which contain no

special terms and conditions). Offers which contain special terms and conditions,

including but not limited to contingencies or best bid and tie breaker criteria other

than those set forth in Sections 16.6(h) and (i) below, are deemed to be non-standard

offers and shall require additional evaluation time. Releasing Customer must post its

Offer in sufficient time to allow the release to occur on the date offered, given the

schedule to be applied and any extensions of that schedule allowed by the Releasing

Customer in its Offer.

 

The Releasing Customer may post its Offer earlier than the day set forth in the

applicable timetable in Appendix D, thereby extending the bid period for such Offer.

If it posts its Offer early, the Releasing Customer may alter the bid deadline and

the deadline for removing contingencies by changing them to an earlier date so long

as the interval between each deadline is no shorter than the intervals set forth in

the applicable timetable in Appendix D.