Caledonia Gas And Storage

First Revised Volume No. 1

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Effective Date: 09/30/2010, Docket: RP10-1032-000, Status: Effective

Original Sheet No. 65 Original Sheet No. 65

 

reservation rate and all demand surcharges, as a total number or as

stated separately;

(n) Whether the release is on a permanent or a temporary basis;

(o) An e-mail address for the Releasing Customer contact person. It

is Customer’s responsibility to update e-mail address information

provided to Caledonia, as necessary,

(p) The recall notification period(s) and procedures , as outlined in

Sections 5.14(e) through 5.14(l) below, that will be available for use

by the parties; and

(q) A detailed description of any Storage Inventory that must be

transferred with released storage capacity.

5.3 Intraday Release Quantity. The MSQ that can be released by a

Releasing Customer for an intraday release is limited to a quantity not

in excess of the Releasing Customer’s MSQ less the Releasing Customer’s

Storage Inventory. This allocated daily contractual entitlement shall

be used for purposes of nominations, billing, and if applicable, for

overrun calculations and shall be limited to the lesser of:

(a) the quantity contained in the offer submitted by the Releasing

Customer; or

(b) a quantity equal to 1/24 of the Releasing Customer’s MDIQ and MDWQ

for the contract to be released multiplied by the number of hours

between the effective time of the release and the end of the Gas Day.

5.4 Posting and Bidding Timeline. For the Capacity Release business

process timing model, specified in 5.5(a) and 5.5(b), below, only the

following methodologies shall be supported by Caledonia and provided to

Releasing Customer(s) as choices from which they may select and, once

chosen, shall be used in determining the awards from the bid(s)

submitted. They are: 1) highest rate, 2) net revenue and 3) present

value. Other choices of bid evaluation methodology (including other

Releasing Customer defined evaluation methodologies) can be accorded

similar timeline evaluation treatment at Caledonia’s discretion.

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

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

held to the timeline specified in Sections 5.5(a) and 5.5(b) below

should the Releasing Customer elect another method of evaluation.

Should the Releasing Customer elect another method of evaluation, the

timeline specified in Section 5.5(c), below, shall apply. The proposed

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

the Customer’s offer pursuant to this Section 5. The Capacity Release

timeline is applicable to all parties involved in the Capacity

Release process;