Monroe Gas Storage Company, LLC

Original Volume No. 1

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Effective Date: 04/29/2009, Docket: RP09-447-000, Status: Effective

Original Sheet No. 149 Original Sheet No. 149

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8. CAPACITY RELEASE (Continued)

 

8.3 Posting and Bidding Timeline.

 

For the Capacity Release business process timing model, only the

following methodologies shall be supported by Operator 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 (i) highest rate, (ii) net revenue, and (iii)

present value. At Operator's discretion, other choices of bid evaluation

methodology (including other Releasing Customer-defined evaluation

methodologies) can be accorded similar timeline evaluation treatment.

However, Operator is not required to offer other choices or similar

timeline treatment for other choices. Further, Operator shall not be

held to the timeline specified in Sections 8.3(a) and 8.3(b) below

should the Releasing Customer elect another method of evaluation; the

timeline specified in Section 8.3(c) below shall apply. The proposed

duration of Customer's release determines the minimum bid period for

Customer's offer pursuant to Section 8 herewith. 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.

 

The Capacity Release timeline is as follows:

 

(a) For standard releases of less than one (1) year:

 

(1) Offers shall be tendered by 12:00 p.m. CT on a Business Day;

 

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

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

Day as specified in Releasing Customer's offer, whichever is

elected by Releasing Customer;

 

(3) Evaluation period begins at 1:00 p.m. CT on the day the bid

period ends, during which contingency is eliminated,

determination of best bid is made, and ties are broken;

 

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

required at 2:00 p.m. CT the same day;