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. 69 Original Sheet No. 69

 

than twenty-eight (28) days have elapsed since the conclusion of the

prior release period.

(f) Caledonia shall post offers and bids, including pre-arranged deals,

upon receipt, unless Releasing Customer requests otherwise. If

Releasing Customer requests a posting time, Caledonia shall support

such request insofar as it comports with the standard timeline. A

Releasing Customer cannot specify an extension of the original bid

period or the pre-arranged deal match period, without posting a new

release.

5.6 Pre-arranged Releases. Customer may designate an entity

(pre-arranged designated Replacement Customer) to which it has agreed

to release the capacity upon specified terms and conditions.

Customer’s offer to release under such a pre-arranged transaction shall

be subject to the posting and bidding procedures described in Section

5.4, herein, with the pre-arranged designated Replacement Customer

being given a right to match the best bid submitted during the bid

period; provided, however, if a pre-arranged transaction with a

designated Replacement Customer is for a period of 31 days or less,

the Releasing Customer shall provide notice to Caledonia in accordance

with this section and may implement the release without complying with

such prior posting and bidding procedures. Notice of such exempted

releases shall be posted on the Internet Web Site in accordance with

Section 5.2 herein.

5.7 Bidding and Selection of Replacement Customer. All Replacement

Customers and Prearranged Customers must satisfy all applicable credit

requirements provided herein, including, without limitation, contained

in Section 4, above. Caledonia reserves the right to reject any

release, or proposed release, to a Replacement Customer or Prearranged

Customer that does not satisfy Caledonia’s credit requirements. All

bids must contain the applicable information required in this Section.

If Releasing Customer desires to solicit bids for releases of 31 days or

less, it may direct Caledonia to post notice of the availability of

such capacity and, in lieu of permitting bids during the otherwise

applicable posting period, award the capacity to the bidder which

submits first in time a valid bid meeting any minimum terms specified

by the Releasing Customer. Any bid submitted by a Replacement Customer

shall include an e-mail address for at least one contact person, and it

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

provided to Caledonia, as necessary. A bidder may not have more than

one eligible bid for the same release offer at any time. Bids shall be

binding until written or electronic notice of withdrawal is received by

Caledonia before the end of the bid period. Bids cannot be withdrawn

after the bid period ends. Once a bid is withdrawn, that bidder may

only submit a new bid pursuant to that release offer if it is at a

higher rate than the withdrawn bid. Caledonia

shall evaluate the bids in