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. 68 Original Sheet No. 68

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CAPACITY RELEASE (Continued)

 

4.4 Pre-arranged Releases. A Releasing Customer may designate an

entity (a pre-arranged designated Replacement Customer) to which

it has agreed to release the capacity upon specified terms and

conditions. A Releasing Customer's offer to release under such a

pre-arranged transaction shall be subject to the prior posting and

bidding procedures described in Sections 4.5 and 4.6 of these

General Terms and Conditions.

 

4.5 Posting. Following receipt of a notice of offer to release

capacity which satisfies the requirements set forth in this

Section, Bobcat will post such information on its Internet Web

Site in accordance with the timeline set forth in Section 4.3

herein. Bobcat shall also post offers to purchase capacity from

those who desire current Customers to release capacity upon

receipt of the applicable information as set forth in this

Section.

 

4.6 Bidding and Selection of Replacement Customer. All bids must

contain the applicable information required in this Section. If

Releasing Customer desires to solicit bids for releases of

thirty-one (31) Days or less, it may direct Bobcat to post notice

of the availability of such capacity and, in lieu of permitting

bids during the otherwise applicable posting period, award the

capacity to the bidder who submits first in time a valid bid

meeting any minimum terms specified by the Releasing Customer.

Any bid submitted by a Replacement Customer shall include an

e-mail address for at least one contact person, and it is the

Customer's responsibility to update e-mail address information

provided to Bobcat, as necessary. A bidder may not have more than

one eligible bid for the same release offer at any time. Bids

shall be binding unless written or electronic notice of withdrawal

is received by Bobcat before the end of the bid period. Bids

cannot be withdrawn after the bid period ends. If a bid is

withdrawn prior to the end of the bid period, that bidder may only

submit a new bid pursuant to that release offer if it is at a

higher rate than the withdrawn bid.

 

Bobcat shall evaluate the bids in accordance with the provisions

of this Section and determine the best bid in accordance with the

timelines set forth in Section 4.3 of these General Terms and

Conditions.

 

Bobcat shall notify Releasing Customer, the best bidder, and any

pre-arranged designated Replacement Customer of such determination

in accordance with the timelines set forth in Section 4.3 of these

General Terms and conditions. If there is a pre-arranged

designated Replacement Customer, it may exercise its right to

match such best bid by providing written notice of such exercise

to Bobcat and Releasing Customer in accordance with the timelines

set forth in Section 4.3 herein.