Wyckoff Gas Storage Company, LLC
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 12/31/9999, Docket: RP09- 444-000, Status: Accepted
Original Sheet No. 26 Original Sheet No. 26
Releasing Shipper in the Release Notice. Bidders must accept all other
conditions set forth in the Release Notice.
(c) Bids shall be submitted by Potential Replacement
Shippers without Bidders knowing the identities of other Bidders.
Bidders may submit multiple bids, each higher than the previous bid,
during the posting period established pursuant to Section 8.2(h) above.
(d) All Bidders must (i) have pre-qualified under
Transporter’s creditworthiness standards and (ii) appear on
Transporter’s Approved Bidders List.
(e) Bids are binding, with the exception of contingent
bids, until written or electronic notice of withdrawal is received.
Bids may be withdrawn before the close of the bidding period. Any
bidder that withdraws its bid for released capacity may not, within
that same bidding period, submit a bid at a lower rate for any portion
of that same capacity. Transporter shall communicate an award made
pursuant to a contingency bid by 3:00 p.m. C.T. and the contingent
bidder must respond by 4:00 p.m. C.T.
8.4 Evaluation of Bids and Assigning Service Rights.
(a) Transporter shall perform the evaluation of bids in
accordance with the criteria specified in the Release Notice and shall
determine which, if any, bids to accept.
(b) In the absence of any such Releasing Shipper-developed
alternative criteria to the contrary, as specified in the Release
Notice, bids shall be evaluated and rights to released capacity
assigned by Transporter in accordance with the bid evaluation criteria
referenced at Section 8.1(c).
(c) Where highest bids of equal value are received for
released capacity from more than one bidder, not including a designated
Replacement Shipper under a prepackaged arrangement, the capacity (i)
shall be assigned in accordance with any nondiscriminatory method for
breaking ties established by the Releasing Shipper in the Release
Notice, or (ii) shall, if the Releasing Shipper does not establish a
tie-breaking method, be assigned pro rata on the basis of the
respective quantities bid by the winning Bidders. Bidders may specify
in their bids the minimum quantities they will accept. If a pro rata
allocation would result in assignment of quantities below a Bidder’s
minimum quantity, any such Bidder will not be assigned the capacity,
and the total quantity available for assignment will then be re-
allocated among the remaining highest value Bidders on a pro rata
8.5 Assignment Agreements.
(a) For all transactions pursuant to this Section 8,
Transporter shall transmit by email or facsimile an Assignment
Agreement upon receipt of Replacement Shipper’s email or facsimile
confirmation reflecting the terms of the Release Notice.
(a) The Assignment Agreement shall contain all terms and
conditions of the release and assignment; provided that such terms and
conditions are identical to those set forth in the underlying Release
Notice. Service will not be provided unless the Assignment Agreement
properly has been executed. If the Replacement Shipper does not execute
and return such Assignment Agreement within two (2) business days of
Transporter’s tender (or such later date established by the Releasing
Shipper through notice to Transporter and Replacement Shipper),