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. 229 Original Sheet No. 229

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

5. CAPACITY RELEASE (continued)

 

5.2 Notice of Offer. (continued)

 

(c) A description of the capacity to be released. The release

quantity shall be expressed as a numeric quantity only.

 

The offer must state the Maximum Storage Quantity, the

Maximum Daily Receipt Obligation, the Maximum Daily Delivery

Obligation, the Maximum Daily Injection Quantity, and the

Maximum Daily Withdrawal Quantity and the associated

Point(s) of Receipt and Point(s) of Delivery, subject to the

proposed release and subject to the daily quantity

limitations described in Section 5.5 below;

 

(d) The proposed effective date and term of the release;

 

(e) The identity of any Prearranged Customer;

 

(f) For biddable releases, the method to be applied in

evaluating bids, allocating capacity and breaking ties, as

described in Section 5.4 below; provided, however, if the

Releasing Customer specifies a bid evaluation methodology

other than the standard methods of highest rate, net revenue

or present value, such alternative bid evaluation method

must be set forth with sufficient specificity that Steckman

Ridge's evaluation of the bids to determine the "best bid"

is a purely ministerial matter that does not require any

discretionary exercise of judgment by Steckman Ridge. In

addition, Releasing Customer must specify the Tie Break

Method that Steckman Ridge will apply to award capacity

among multiple bids that yield the same value.

 

(g) whether, to what extent, and the conditions pursuant to

which capacity will be subject to recall on a full day or an

intraday basis, and if recallable, (1) whether the Releasing

Customer's recall notification must be provided exclusively

on a Business Day, and (2) any reput methods and rights

associated with returning the previously released capacity

to the Replacement Customer. These rights and methods may

be either: (i) reput must be accepted by the original

Replacement Customer for the original terms of the release,

or (ii) reput may be accepted at the option of the original

Replacement Customer for the original terms of the release.

 

(h) whether bids on a volumetric rate basis may be submitted,

and, if so, the method for evaluating any such bids, and any

other special conditions;

 

(i) whether contingent bids may be submitted, and, if so, the

date by which each contingent bidder will be required to

satisfy or eliminate the contingency if Releasing Customer

elects to allow the bidder additional time beyond the time

period specified in Sections 5.4(a) and 5.4(b) to satisfy or

eliminate the contingency;

 

(j) any extensions of the minimum posting/bid periods;

 

(k) whether Releasing Customer desires to utilize the first-

come, first-served option for short-term releases described

in Section 5.7 below and any minimum terms applicable

thereto;