Bobcat Gas Storage

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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

Original Sheet No. 64 Original Sheet No. 64

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CAPACITY RELEASE (Continued)

 

4.3 Posting and Bidding Timeline (Continued)

 

The Capacity Release timeline is as follows:

 

(a) For standard releases of less than one year:

 

(i) Offers shall be tendered by 12:00 p.m. CCT on a

Business Day;

 

(ii) The bid period shall end at 1:00 p.m. CCT on the same

Business Day or at 1:00 p.m. CCT on any subsequent

Business Day as specified in Releasing Customer's

offer, whichever is elected by Releasing Customer;

 

(iii) Evaluation period begins at 1:00 p.m. CCT on the Day

the bid period ends, during which contingency is

eliminated, determination of best bid is made, and

ties are broken;

 

(iv) Evaluation period ends and award is posted if no match

is required at 2:00 p.m. CCT the same Day;

 

(v) If the Prearranged Customer's bid is not the best bid,

then Bobcat shall allow such Prearranged Customer a

period of thirty (30) minutes from 2:00 p.m. until

2:30 p.m. CCT on the Day the Bid Period ends, or such

later time as specified in the Releasing Customer's

offer, to determine whether to match the best bid and

to notify Bobcat of its decision.

 

(vi) If a match is required, the award will be posted by

3:00 p.m. CCT.

 

Bobcat will issue a contract within one hour of the award

posting (with a new contract number, when applicable).

Nominations for Gas flow are possible beginning at the next

available nomination cycle for the effective date of the

contract. Such nominations will be processed in accordance

with the nomination and scheduling requirements of Section 7

(Nominations and Scheduling) of these General Terms and

Conditions; however, in no circumstance will Gas flow prior

to the effective date of the release as specified in

Releasing Customer's offer.