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. 65 Original Sheet No. 65

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CAPACITY RELEASE (Continued)

 

4.3 Posting and Bidding Timeline (Continued)

 

(b) For standard releases of one year or longer:

 

(i) Offers shall be tendered by 12:00 p.m. CCT four (4)

Business Days before the award;

 

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

before timely nominations are due (open season is

three Business Days) 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,

Bobcat shall allow such Prearranged Customer a period

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