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. 70 Original Sheet No. 70

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

4. CAPACITY RELEASE (Continued)

 

4.8 Qualification of Prospective Replacement Customer. A prospective

Replacement Customer must be on Bobcat's approved bidders list

before bids may be posted on the Internet Web Site, must satisfy

all Customer requirements of the applicable Rate Schedule and the

General Terms and Conditions of this FERC Gas Tariff. To be on

the approved bidders list, the prospective Replacement Customer

must satisfy Bobcat's credit requirements as outlined in Section 3

(Request for Service) and Section 24.7 of these General Terms and

Conditions. Such credit appraisal shall be reevaluated and

updated every three (3) months. The prospective Replacement

Customer shall remain on the approved bidders list until such

prospective Replacement Customer (i) notifies Bobcat to the

contrary, (ii) no longer meets the credit qualifications

established in Section 3 (Request for Service) and Section 24.7 of

these General Terms and Conditions, or (iii) is suspended from the

approved bidders list in the event, and for such time as, such

Replacement or Prearranged Customer fails to pay part or all of

the amount of any bill for service in accordance with Section 13

(Billings and Payments) of these General Terms and Conditions.

Bobcat will apply its creditworthiness criteria to assess the

submission. Bobcat will waive the creditworthiness requirement on

a non-discriminatory basis for Replacement Customers and permit

them to submit bids, if the Releasing Customer provides Bobcat

with a guarantee or other form of credit assurance in form and

substance satisfactory to Bobcat of all financial obligations of

the Replacement Customer with respect to the capacity being

released by Releasing Customer prior to the commencement of

service to the Replacement Customer.

 

4.9 Nominations. Following its selection, and prior to the flow of

Gas, the Replacement Customer shall be permitted to submit

nominations pursuant to the terms and conditions of the applicable

Rate Schedule and the General Terms and Conditions of this FERC

Gas Tariff.