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 Bids cannot be withdrawn after the bid period ends.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a bid is withdrawn, that bidder may only submit a new bid pursuant

to that release offer if it is at a higher rate than the withdrawn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.