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. 150 Original Sheet No. 150

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8. CAPACITY RELEASE (Continued)

 

8.3 Posting and Bidding Timeline (Continued)

 

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

 

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

Operator shall allow such Prearranged Customer a Matching

Period of thirty (30) minutes from 2:00 P.M. CT until 2:30

P.M. CT 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 Operator of

its decision.

 

(6) If a match is required, the award will be posted by 3:00

p.m. CT.

 

Operator will issue a contract within one (1) 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 6 (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.

 

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

 

(1) Offers shall be tendered by 12:00 p.m. CT four (4) Business

Days before the award;

 

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

timely nominations are due (open season is three (3)

Business Days) 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;