Steckman Ridge, LP
Original Volume No. 1
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Effective Date: 04/01/2009, Docket: RP09-389-000, Status: Effective
Original Sheet No. 228 Original Sheet No. 228
GENERAL TERMS AND CONDITIONS
(Continued)
5. CAPACITY RELEASE
Any Customer under Rate Schedule FSS may seek to release to others all
or a portion of its firm service entitlements on a full day or a partial
Day basis, on a permanent or a temporary basis, and on a recallable or
non-recallable basis, subject to the procedures set forth in this
Section 5.
5.1 Pre-arranged Releases. Customer may designate an entity (a
"Prearranged Customer") to which it has agreed to release the
capacity upon specified terms and conditions. Customer's offer to
release under such a pre-arranged transaction shall be subject to
the prior posting and bidding procedures described in Sections 5.3
and 5.7, herein, with the Prearranged Customer being given a right
to match the best bid submitted during the bid period. If a pre-
arranged transaction with a Prearranged Customer is for a period
of thirty-one (31) Days or less, the Releasing Customer shall
provide notice to Steckman Ridge in accordance with this section
and may implement the release without complying with such prior
posting and bidding procedures; provided, however, when a release
of capacity for a period of thirty-one (31) Days or less is not
subject to the bidding requirements under this Section 5, a
Releasing Customer may not rollover, extend, or in any way
continue the capacity release to the same Replacement Customer
which utilizes the same capacity or overlaps such capacity using
the thirty-one (31) Days or less bidding exemption described in
Section 5.4(d)(1) below until twenty-eight (28) Days after the
first release period has ended. The twenty-eight (28) Day hiatus
does not apply to any re-release to the same Replacement Customer
that is posted for bidding or that qualifies for any of the other
exemptions from bidding described in Section 5.4(d)(1) below.
Notice of such exempted releases shall be posted on the LINK®
System in accordance with Section 5.4 herein.
5.2 Notice of Offer. A Customer offering to release firm service
entitlements shall notify Steckman Ridge via the LINK® System of
the terms of its offer by the posting deadline as determined
pursuant to Section 5.4 herein. Steckman Ridge will display this
information on the LINK® System. Customer may propose a
Prearranged Customer to which the capacity would be released.
Offers shall be binding until written or electronic notice of
withdrawal is received by Steckman Ridge. Customer has the right
to withdraw its offer during the bid period where unanticipated
circumstances justify and no minimum bid has been made. The
notice must contain the reason for withdrawal which Steckman Ridge
shall post on the LINK® System. Any contingencies or special
terms and conditions included in the offer to release capacity
shall not be contrary to any applicable provision of this FERC Gas
Tariff. The offer shall contain the following minimum
information:
(a) Customer's legal name and the name of the individual who has
authorized the offer to release;
(b) Steckman Ridge's Service Agreement number;