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.