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 Bids may be withdrawn before the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.