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. 235 Original Sheet No. 235

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

5. CAPACITY RELEASE (continued)

 

5.5 Intraday Release Quantity

 

The daily contractual entitlement that can be released by a

Releasing Customer for an intraday release is limited to the

lesser of:

 

(i) the quantity contained in the offer submitted by the

Releasing Customer; or

 

(ii) a quantity equal to 1/24 th of the Releasing Customer's

MDDO, MDIQ, MDRO and MDWQ for the contract to be released

multiplied by the number of hours between the effective time

of the release and the end of the Gas Day.

 

This allocated daily contractual entitlement shall be used for

purposes of nominations, billing, and if applicable, for overrun

calculations.

 

The MSQ that can be released by a Releasing Customer for an

intraday release is limited to a quantity not in excess of the

Releasing Customer's MSQ less the Releasing Customer's Storage

Inventory.

 

5.6 Qualification of Prospective Replacement Customer. A prospective

Replacement Customer must be on Steckman Ridge's approved bidders

list before bids may be posted on the LINK® System, must satisfy

all requirements of the applicable rate schedule and the General

Terms and Conditions of this FERC Gas Tariff and must have

executed a Capacity Release Umbrella Agreement. To be on the

approved bidders list, the prospective Replacement Customer must

satisfy Steckman Ridge's credit requirements as outlined in

Section 4 of the General Terms and Conditions, and provide the

information required by Section 4 of the General Terms and

Conditions. Such credit appraisal shall be reevaluated and

updated pursuant to Section 4.3 of the General Terms and

Conditions. The prospective Replacement Customer shall remain on

the approved bidders list until such prospective Replacement

Customer (i) notifies Steckman Ridge to the contrary, (ii) no

longer meets the credit qualifications established in Section 4 of

the General Terms and Conditions, or (iii) is suspended from the

approved bidders list in the event, and for such time as, such

Replacement or Prearranged Customer fails to pay part or all of

the amount of any bill for service in accordance with Section 19

of the General Terms and Conditions. Steckman Ridge will apply

its creditworthiness criteria to assess the submission. Steckman

Ridge will waive the creditworthiness requirement on a non-

discriminatory basis for Replacement Customers and permit them to

submit bids, if the Releasing Customer provides Steckman Ridge

with a guarantee or other form of credit assurance in form and

substance satisfactory to Steckman Ridge of all financial

obligations of the Replacement Customer with respect to the

capacity being released by Releasing Customer prior to the

commencement of service to the Replacement Customer.