Bluewater Gas Storage, LLC

Original Volume No. 1

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Effective Date: 12/13/2008, Docket: RP09-75-000, Status: Effective

First Revised Sheet No. 115 First Revised Sheet No. 115

Superseding: Original Sheet No. 115





(i) Whether contingent bids that extend beyond the bid

period may be submitted, how to evaluate and prioritize such bids

against non-contingent bids, and the terms and conditions under

which, and/or for what time period, the next highest bidder will

be obligated to acquire the capacity should the winning contingent

bidder withdraw its bid;


(j) Any extensions of the minimum posting/bid periods;


(k) Whether Releasing Customer desires to utilize the

first-come, first-served option for short-term releases described

in Section 4.6 below and any minimum terms applicable thereto;


(l) Other special terms and conditions Releasing

Customer imposes on the release of its capacity, including, but

not limited to, minimum rates, term and quantity;


(m) Whether to specify dollars and cents or percents of

rates in the denomination of bids;


(n) For purposes of bidding and awarding, any minimum

rates specified by the Releasing Customer shall include the tariff

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

as stated separately;


(o) Whether the release is on a permanent or a

temporary basis;


(p) An e-mail address for the Releasing Customer

contact person. It is Customer's responsibility to update e-mail

address information provided to BLUEWATER, as necessary;


(q) The recall notification period(s), as identified in

Section 4.13(e) below, that will be available for use by the

parties; and


(r) for releases of storage capacity, a detailed

description of any storage inventory that must be transferred with

the storage capacity.


4.2 Intraday Release Quantity. The daily contractual

entitlement that can be released by a Releasing Customer for an

intraday release is limited to the lesser of:


(a) the quantity contained in the offer submitted by

the Releasing Customer; or


(b) a quantity equal to 1/24th 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 Day.