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.