Hardy Storage Company, LLC
Original Volume No. 1
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Effective Date: 02/26/2009, Docket: RP09-274-000, Status: Effective
First Revised Sheet No. 114 First Revised Sheet No. 114
Superseding: Original Sheet No. 114
GENERAL TERMS AND CONDITIONS (Cont'd)
(d) All bidders must (i) have prequalified under Seller's
creditworthiness standards, (ii) appear on Seller's Approved Bidders List, and
(iii) where execution of an Assignment Agreement will be required within five
days of its transmission by Seller, have executed an Electronic Contracting
Agreement with Seller, as required by Section 3 (Requests for Service),
Section 9 (Operating Conditions), and Section 5 (Service Agreement and
Electronic Contracting) of the General Terms and Conditions.
(e) Releasors that have multiple Service Agreements with Seller may
post Release Notices for capacity under such Service Agreements with a "Stand-
Alone" or "Not Stand Alone" indicator. Potential Replacement Customers must
submit bids on all parcels that "Stand Together".
(f) All bids for capacity release transactions of more than one (1)
year in length shall neither exceed the maximum rates nor be less than the
minimum rates permitted by the Commission for the released services. Bids for
capacity release transactions of one (1) year or less shall not be less than
the minimum rates permitted by the Commission for the released services. Bids
for capacity for a term of more than one (1) year that are offered at a one-
part volumetric rate (which shall apply only to the reservation portion of the
rate) shall not exceed a maximum rate calculated by converting the applicable
maximum reservation charge into a volumetric charge at a 100 percent load
factor plus the applicable commodity charges.
(g) Bids are binding, other than contingent bids, until written or
electronic notice of withdrawal is received. Bids may be withdrawn before the
close of the bidding period. Any bidder that withdraws its bid for released
capacity may not, within that same bidding period, submit a bid at a lower
rate for any portion of that same capacity.