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. 151 Original Sheet No. 151

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

8. CAPACITY RELEASE (Continued)

 

8.3 Posting and Bidding Timeline (Continued)

 

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

 

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

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

 

(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.

 

(c) Timeline for non-standard releases. If Customer specifies a bid

evaluation methodology other than those stated in Section 8.3

herein or any special terms or conditions, the above timelines

shall apply; provided, however, one (1) additional Business Day

will be added to the evaluation period. Subsequent deadlines will

be delayed by such additional Business Day, causing gas flow to

occur at least one day later than under the standard timelines set

forth in Sections 8.3(a) and 8.3(b) herein.