Bobcat Gas Storage

Original Volume No. 1

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Effective Date: 10/15/2008, Docket: RP08-608-000, Status: Effective

Original Sheet No. 63 Original Sheet No. 63

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CAPACITY RELEASE (Continued)

 

4.2 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:

 

(a) the quantity contained in the offer submitted by the

Releasing Customer; or

 

(b) a quantity equal to 1/24th of the Releasing Customer's MDIQ

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 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.

 

4.3 Posting and Bidding Timeline. For the Capacity Release business

process timing model, only the following methodologies shall be

supported by Bobcat and provided to Releasing Customers as choices

from which they may select and, once chosen, shall be used in

determining the awards from the bid(s) submitted. They are:

 

(a) highest rate

 

(b) net revenue

 

(c) present value

 

Other choices of bid evaluation methodology (including other

Releasing Customer defined evaluation methodologies) can be

accorded similar timeline evaluation treatment at Bobcat's

discretion; however, Bobcat is not required to offer other choices

or similar timeline treatment for other choices.

 

Further, Bobcat shall not be held to the timeline specified in

Sections 4.3(a) and 4.3(b) below should the Releasing Customer

elect another method of evaluation. Should the Releasing Customer

elect another method of evaluation, the timeline specified in

Section 4.3(c) below shall apply. The proposed duration of

Customer's release determines the minimum bid period for

Customer's offer pursuant to this Section 4. The Capacity Release

timeline is applicable to all parties involved in the Capacity

Release process; however, it is only applicable if (i) all

information provided by the parties to the transaction is valid

and the Replacement Customer has been determined to be

creditworthy before the capacity release bid is tendered and (ii)

there are no special terms or conditions of the release.