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. 115 First Revised Sheet No. 115
Superseding: Original Sheet No. 115
GENERAL TERMS AND CONDITIONS (Cont'd)
(h) Where higher bids are received for capacity that Releasor proposes
to release under a prepackaged arrangement that is subject to competitive
bidding (including prepackaged arrangements for 31 days or less for which
Releasor requests competitive bidding), the Replacement Customer designated by
Releasor (designated Replacement Customer) shall be notified by Seller and
shall exercise its right to match the highest competing bid in accordance with
the Capacity Release timeline under Section 14(c) above. A Releasor shall not
be able to specify an extension of the original pre-arranged match period
without posting a new release.
14.4 Evaluation of Bids and Assigning Service Rights.
(a) Seller shall perform the evaluation of bids in accordance with the
criteria specified in the Release Notice and shall determine which, if any,
bids to accept.
(b) In the absence of any such Releasor-developed alternative criteria
to the contrary, as specified in Releasor's Release Notice, bids shall be
evaluated and rights to released capacity assigned by Seller in accordance
with the bid evaluation criteria referenced at Section 14.1(c).
(c) Where Releasor has posted a prepackaged arrangement that is
subject to competitive bidding(including prepackaged arrangements for 31 days
or less for which the Releasor requests competitive bidding), the designated
Replacement Customer under that arrangement will be awarded the capacity if,
within the time limits specified in Section 14.3(h), that designated
Replacement Customer matches the competing bid(s) offering the highest
economic value, as calculated in accordance with the bid evaluation criteria
set forth in Section 14.1(c) or in the Release Notice.