National Fuel Gas Supply Corporation

Fourth Revised Volume No. 1

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Effective Date: 02/25/2009, Docket: RP09-269-000, Status: Effective

Second Revised Sheet No. 360A Second Revised Sheet No. 360A

Superseding: First Revised Sheet No. 360A

 

GENERAL TERMS AND CONDITIONS

 

10. CAPACITY RELEASE(Cont'd.)

 

year or less; and NAESB WGQ Standard 5.3.2 regarding biddable

releases of one year or more will be deemed to be applicable to

biddable releases of more than one year.

 

 

As set forth in NAESB Standard 5.3.2:

 

For biddable releases (less than 1 year):

- offers should be tendered by 12:00 P.M. on a Business Day;

- open season ends no later than 1:00 P.M. on a Business Day

(evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid is

made, and ties are broken);

 

- evaluation period ends and award posting if no match

required at 2:00 P.M.;

- match or award is communicated by 2:00 P.M.; match response

by 2:30 P.M.;

- where match required award posting by 3:00 P.M.;

- contract issued within one hour of award posting (with a new

- contract number, when applicable); nomination possible

beginning at the next available nomination cycle for the

effective date of the contract. (Central Clock Time)

 

For biddable releases (1 year or more):

- offers should be tendered by 12:00 P.M. four Business Days

before award;

- open season ends no later than 1:00 P.M. on the Business Day

before timely nominations are due (open season is three

Business Days);

- evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid is made

and ties are broken;

- evaluation period ends and award posting is no match

required at 2:00 P.M.;

- match or award is communicated by 2:00 P.M.; match response

by 2:30 P.M.;

- where match required, award posting by 3:00 P.M.;

- contract issued within one hour of award posting (with a new

contract number, when applicable); nomination possible

beginning at the next available nomination cycle for the

effective date of the contract. (Central Clock Time)