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).