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. 236 Original Sheet No. 236
GENERAL TERMS AND CONDITIONS
(Continued)
5. CAPACITY RELEASE (continued)
5.7 Bidding and Selection of Replacement Customer. All bids must
contain the applicable information required in this Section 5. If
Releasing Customer desires to solicit bids for releases of 31 days
or less, it may direct Steckman Ridge to post notice of the
availability of such capacity and, in lieu of permitting bids
during the otherwise applicable posting period, award the capacity
to the bidder which submits first in time a valid bid meeting any
minimum terms specified by the Releasing Customer. Any bid
submitted by a Replacement Customer shall include an e-mail
address for at least one contact person, and it is the Replacement
Customer's responsibility to update e-mail address information
provided to Steckman Ridge, as necessary. Any contingencies
included in the bid shall not be contrary to any applicable
provision of this FERC Gas Tariff. A bidder may not have more
than one eligible bid for the same release offer at any time.
Bids shall be binding until written or electronic notice of
withdrawal is received by Steckman Ridge before the end of the bid
period. Bids cannot be withdrawn after the bid period ends. Once
a bid is withdrawn, that bidder may only submit a new bid pursuant
to that release offer if it is at a higher rate than the withdrawn
bid. Steckman Ridge shall evaluate the bids in accordance with
the provisions of this section and shall determine the best bid in
accordance with the timelines set forth in Section 5.4 herein.
Steckman Ridge shall not award capacity release offers to the
Replacement Customer until and unless the Replacement Customer
meets Steckman Ridge's creditworthiness requirements applicable to
all services that it receives from Steckman Ridge, including the
service represented by the capacity release. Steckman Ridge shall
notify Releasing Customer, the best bidder, and any Prearranged
Customer of such determination in accordance with the timelines
set forth in Section 5.4 herein. If there is a Prearranged
Customer, such Prearranged Customer may exercise its right to
match such best bid by providing notice of such exercise to
Steckman Ridge via the LINK® System in accordance with the
timelines set forth in Section 5.4 herein. After the Replacement
Customer is selected, Steckman Ridge will provide an appropriate
Addendum to the Capacity Release Umbrella Agreement in the form
contained in this FERC Gas Tariff to the Replacement Customer via
e-mail, at which time the Replacement Customer will have the same
rights and obligations as any other existing Customer on Steckman
Ridge's system, including capacity release under this Section 5,
subject to the re-release rights specified by Releasing Customer
pursuant to Section 5.2(t) above. Steckman Ridge will notify the
Releasing Customer with recall rights of the name of new
Replacement Customers who subsequently obtain all or a portion of
such capacity after the Addendum to the Capacity Release Umbrella
Agreement is tendered. Following implementation of the release,
Steckman Ridge shall post notice of the winning bidder on the
LINK® System.