Freebird Gas Storage, L.L.C.
First Revised Volume No. 1
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Effective Date: 03/20/2009, Docket: RP09-373-000, Status: Effective
First Revised Sheet No. 120 First Revised Sheet No. 120
Superseding: perseding Original Sheet No. 120
applicable). Nominations for Gas flow are possible beginning at the
next available nomination cycle for the effective date of the contract.
Such nominations will be processed in accordance with the nomination
and scheduling requirements of Section 8 of the General Terms and
Conditions; however, in no circumstance will Gas flow prior to the
effective date of the release as specified in Releasing Shipper’s
offer. If a release of capacity is exempt from bidding because it is
for a term of thirty-one (31) days or less, a Shipper may not roll-over,
extend, or in any way continue the release to the same Shipper using
the thirty-one (31) day or less bidding exemption, unless the Shipper
complies with the posting and bidding requirements of Section 4.3 or
not less than twenty-eight (28) days have elapsed since the conclusion
of the prior release period.
If Releasing Shipper desires to solicit bids for releases 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)), it may direct Freebird 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 Shipper.
4.4 Pre-arranged Releases. Shipper may designate a Prearranged
Shipper to which it has agreed to release the capacity upon specified
terms and conditions. Shipper’s offer to release under such a pre-
arranged transaction shall be subject to the posting and bidding
procedures described in Sections 4.5 and 4.6, herein, with the
Prearranged Shipper being given a right to match the best bid
submitted during the bid period; provided, however, if a pre-arranged
transaction with a Prearranged Shipper is for a period of thirty-
one (31) Days or less, the Releasing Shipper shall provide notice to
Freebird 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 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,
Freebird will post such information on its Internet Web Site in
accordance with the timeline set forth in Section 4.3 herein. Freebird
shall also post offers to purchase capacity from those who desire current
Shippers to release capacity upon receipt of the applicable information
as set forth in this Section.
Freebird shall post offers and bids, including pre-arranged deals,
upon receipt, unless Releasing Shipper requests otherwise. If a
Releasing Shipper requests a posting time, Freebird shall support such
request insofar as it comports with the standard timeline. A Releasing
Shipper cannot specify an extension of the original bid period or the
pre-arranged deal match period, without posting a new release.