National Fuel Gas Supply Corporation

Fourth Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Fifth Revised Sheet No. 362 Fifth Revised Sheet No. 362

Superseding: Fourth Revised Sheet No. 362

 

GENERAL TERMS AND CONDITIONS

 

 

10. CAPACITY RELEASE (Cont'd.)

 

Transporter shall reject bids which do not match or exceed any

minimum rate or term specified by the Existing Shipper's

Notice, or are in other respects incomplete or non-responsive

to such notice. No rate limitation applies for releases of

capacity for a term of one year or less if the release is to

take effect on or before one year from the date on which

Transporter is notified of the release; otherwise (i) any bid

received by Transporter offering to pay rates in excess of

Transporter's applicable maximum rates, inclusive of

surcharges, shall be treated by Transporter as an offer to pay

rates equal to Transporter's applicable maximum rates,

inclusive of surcharges, and no payments may be made or

accepted at rates in excess of Transporter's applicable

maximum rates, inclusive of surcharges, and (ii) where the

Existing Shipper has specified that volumetric bids or bids

based upon other variants of the rates applicable to the

capacity to be released will be accepted, any bid which has a

one hundred percent (100%) load factor derivative more than

the one hundred percent (100%) load factor derivative of the

maximum rates applicable to the capacity to be released shall

be deemed to be a bid offering to pay rates in excess of

Transporter's applicable maximum rates. Potential Shippers may

revise their bids during the posting period. Potential

Shippers may not submit multiple bids for the same package of

capacity.

 

(c) Bids are binding until written or electronic notice of

withdrawal is received by Transporter. Bids cannot be

withdrawn after the bid period ends. Following the withdrawal

of a bid, a Potential Shipper may not submit a bid lower than

the bid withdrawn during the remainder of the posting period.

For this purpose, bids will be determined to be "higher" or

"lower" than the withdrawn bid by application of the standard

applicable to the determination of best bid, as set forth in

Section 10.5.