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. 87 Second Revised Sheet No. 87

Superseding: Original Sheet No. 87

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(16) whether the Releasing Customer will either (i) agree to the restriction on

injections under Section 16.6(b)(2) above or (ii) sell to the Acquiring

Customer the LNG that Releasing Customer fails to withdraw or transfer by the

effective date of the release and, if so, the price asked for that LNG;

 

(17) whether or not the Releasing Customer will reput the capacity to the

Acquiring Customer at the end of its recall of the capacity;

 

(18) whether the proposed release is to an asset manager as part of an asset

management arrangement as defined in Section 284.8(h)(3) of the Commission's

regulations, and the volumetric level of the asset manager's delivery or

purchase obligation and the time period during which that obligation is in

effect under the asset management arrangement; and

 

(19) whether the proposed release is to a marketer participating in a state-

regulated retail access program as defined in Section 284.8(h)(4) of the

Commission's regulations.

 

Southern LNG will provide the following information with each Offer: (i) the

reservation charge (and reservation surcharges) applicable to the capacity being

released, (ii) the reservation charge (and reservation surcharges) converted to a 100%

load-factor volumetric rate if the Offer requires bids on a volumetric rate basis,

(iii) the date and time the Offer was posted on SoNet, and (iv) the date and time the

bid period ends.

 

(d) Prearranged Bidders:

 

A Releasing Customer must identify in its Offer any "Prearranged Bid" to be made on

the firm capacity offered for release. However, the "Prearranged Bidder" must also

meet all of the requirements established for bidders pursuant to Section 16.6(e)-(g)

below. A Prearranged Bidder must also submit its bid in accordance with

Section 16.6(f) below.

 

For bids on Offers in which the Prearranged Bidder tenders a bid for the offered

capacity at the maximum reservation charge applicable to the Releasing Customer's

service or at a higher reservation charge applicable to releases that become effective

on or after July 30, 2008 when the term proposed is for one (1) year or less and the

release takes effect on or before one (1) year from the date on which the COMPANY was

notified of such release, for the full volume, capacity, and term offered by the

Releasing Customer, and the Prearranged Bidder satisfies all of the requirements of

Section 16.6(e)-(g) below, then the Prearranged Bid will be deemed the "best bid."

Southern LNG shall thereafter post on SoNet Premier, as set forth in Section 16.3(c)

above, the identity of the Prearranged Bidder, and the terms upon which the capacity

was released.