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. 232 Original Sheet No. 232

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

5. CAPACITY RELEASE (continued)

 

5.4 Posting and Bidding Timeline. (continued)

 

Steckman Ridge will issue a contract within one hour of the

award posting (with a new contract number, when applicable).

Nomination possible beginning at the next available

nomination cycle for the effective date of the contract.

Such nominations will be processed in accordance with the

nomination and scheduling requirements of Sections 10 and 13

of the General Terms and Conditions; however, in no

circumstance will Gas flow prior to the effective date of

the release as specified in Releasing Customer's offer.

 

(b) For standard releases of more than one (1) year:

- Offers shall be tendered by 12:00 p.m. CT four Business

Days before the award;

- The bid period shall end at 1:00 p.m. CT on the day

before timely nominations are due (open season is three

Business Days) or at 1:00 p.m. CT on any subsequent

Business Day as specified in Releasing Customer's offer,

whichever is elected by Releasing Customer;

- Evaluation period begins at 1:00 p.m. CT on the day the

bid period ends, during which contingency is eliminated,

determination of best bid is made, and ties are broken;

- Evaluation period ends and award is posted if no match is

required at 2:00 p.m. CT the same day;

- If the Prearranged Customer's bid is not the "best bid",

Steckman Ridge shall allow such Prearranged Customer a

Matching Period of thirty (30) minutes from 2:00 P.M. CT

until 2:30 P.M. CT on the day the Bid Period ends, or

such later time as specified in the Releasing Customer's

offer, to determine whether to match the "best bid" and

to notify Steckman Ridge of its decision;

- If a match is required, the award will be posted by 3:00

p.m. CT.

 

Steckman Ridge will issue a contract within one hour of the

award posting (with a new contract number, when applicable).

Nomination possible beginning at the next available

nomination cycle for the effective date of the contract.

Such nominations will be processed in accordance with the

nomination and scheduling requirements of Sections 10 and 13

of the General Terms and Conditions; however, in no

circumstance will Gas flow prior to the effective date of

the release as specified in Releasing Customer's offer.

 

(c) Timeline for non-standard releases

 

If Customer specifies a bid evaluation methodology other

than those set forth in this Section 5.4 or any special

terms or conditions, the above timelines shall apply;

provided, however, one additional Business Day will be added

to the evaluation period. Subsequent deadlines will be

delayed by such additional Business Day, causing Gas to flow

at least one Day later than under the timelines set forth in

Sections 5.4(a) and 5.4(b) above.