Hardy Storage Company, LLC
Original Volume No. 1
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Effective Date: 04/01/2007, Docket: CP05-150-003, Status: Effective
Original Sheet No. 105 Original Sheet No. 105 : Effective
GENERAL TERMS AND CONDITIONS (Cont'd)
14. RELEASE AND ASSIGNMENT OF SERVICE RIGHTS
(a) The procedures set forth in this Section governing the release
and assignment of service rights by Customers shall apply to service under
Rate Schedule HSS. An HSS Customer may release and assign all or any
portion of the service under its Service Agreement. Any Customer accepting
such assignment (Replacement Customer) must be listed on Seller's Approved
Bidders List, must have executed an Electronic Contracting Agreement with
Seller, and must be an authorized EBB user complying with all conditions
and requirements set forth in the General Terms and Conditions and in the
applicable Rate Schedule and Service Agreement.
(b) The Capacity Release timeline is applicable to all parties
involved in the Capacity Release process; however, it is only applicable if
1) all information provided by the parties to the transaction is valid and
the acquiring Customer has been determined to be credit worthy before the
capacity release bid is tendered and 2) there are no special terms or
conditions of the release.
(c) Capacity Release Timeline:
For biddable releases (less than 1 year):
(1) offers should be tendered by 12:00 P.M. on a Business Day;
(2) 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);
(3) evaluation period ends and award posting if no match required
at 2:00 P.M.;
(4) match or award is communicated by 2:00 P.M.;
(5) match response by 2:30 P.M.;
(6) where match required, award posting by 3:00 P.M.;
(7) Service Agreement issued within one hour of awarding posting
(with a new contract number, when applicable); nomination possible
beginning at the next available nomination cycle for the effective
date of the Service Agreement (Central Clock Time).