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. 274 Original Sheet No. 274
GENERAL TERMS AND CONDITIONS
(Continued)
18. DISPOSITION OF RETAINED QUANTITIES
18.1 In the event that Steckman Ridge holds an auction for quantities
retained pursuant to Section 9 of Rate Schedule FSS, Sections 2.3
and 8 of Rate Schedule EPS, Sections 2.3 and 8 of Rate Schedule
ISS, Sections 2.3 and 8 of Rate Schedule IPS, or Section 5.15(b)
of these General Terms and Conditions, Steckman Ridge shall post a
notice of the auction on the LINK® System at least three (3)
Business Days prior to the date on which bids will be accepted.
Such notice will identify the quantity to be auctioned, the date
on which the bids will be accepted and the evaluation method that
will be used to determine the highest bid. Steckman Ridge shall
accept bids only during the time period from 7:00 A.M. CT until
11:00 A.M. CT on the day that bids are due. Steckman Ridge shall
award the quantities to the bidder submitting the highest bid, and
shall notify such bidder prior to 4:00 P.M. CT of the same day on
which Steckman Ridge accepts bids; provided, however, Steckman
Ridge reserves the right to reject all bids.
18.2 Steckman Ridge shall credit the proceeds received from the auction
for Gas quantities retained pursuant to Section 9 of Rate Schedule
FSS, Sections 2.3 and 8 of Rate Schedule EPS, Sections 2.3 and 8
of Rate Schedule ISS, Sections 2.3 and 8 of Rate Schedule IPS, or
Section 5.15(b) of these General Terms and Conditions as specified
in each such section.