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. 119 First Revised Sheet No. 119

Superseding: Original Sheet No. 119





BLUEWATER shall post offers and bids, including pre-arranged

deals, upon receipt, unless Releasing Customer requests otherwise.

If Releasing Customer requests a posting time, BLUEWATER 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.


4.4 Pre-arranged Releases. Releasing Customer may

designate an entity (a designated "Pre-arranged 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 prior

posting and bidding procedures described in Sections 4.5 and 4.6,

herein, with the designated Pre-arranged 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

Pre-arranged Replacement Customer is for a period of thirty-one

(31) Days or less, to an asset manager (as defined by FERC

regulations at 18 C.F.R. 284.8(h)(3)) or to a marketer

participating in a state-regulated retail access program (as

defined by FERC regulations at 18 C.F.R. 284.8(h)(4)), the

Releasing Customer shall provide notice to BLUEWATER in accordance

with this Section and may implement the release without complying

with such prior posting and bidding procedures. Notices of such

exempted releases shall be posted on the Internet Web Site in

accordance with Section 4.3 herein.


4.5 Posting. Following receipt of a notice of offer to

release capacity which satisfies the requirements set forth in

this Section, BLUEWATER will post such information on its Internet

Web Site in accordance with the timeline set forth in Section 4.3

herein. BLUEWATER shall also post offers to purchase capacity

from those who desire current Customers to release capacity upon

receipt of the applicable information as set forth in this



4.6 Bidding and Selection of Replacement Customer.


(a) If Releasing Customer desires to solicit bids for

releases of thirty-one (31) Days or less, it may direct BLUEWATER

to post notice of the availability of such capacity and, in lieu

of permitting bids during the otherwise applicable posting period,

Releasing Customer may direct BLUEWATER to award the capacity to

the bidder which submits first in time a valid bid meeting any

minimum terms specified by the Releasing Customer.


(b) Any bid submitted by a prospective 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 BLUEWATER, 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 BLUEWATER 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.