Young Gas Storage Company, Ltd.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective
First Revised Sheet No. 84A First Revised Sheet No. 84A
Superseding: Original Sheet No. 84A
GENERAL TERMS AND CONDITIONS
(f) For bids evaluated using any of the first three methods
(Sections 9.12(d)(i) through (iii), above), Transporter shall
notify Releasing Shipper and successful bidder no later than
5:00 p.m. CCT on the Day before Nominations are due (as
specified in Section 9.5, hereof) and the capacity shall be
awarded to the successful Bidding Shipper(s) (i.e., the
(g) If bids from two or more Bidding Shippers result in bids of the
highest equal value, the first bid received of highest equal
value will be awarded the capacity.
In the case where valid bids for less than the full release
quantity have been received, Transporter shall, where
appropriate, award all valid bids until all offered capacity
has been awarded.
(h) With respect to a prearranged release, if no better offer (as
determined above) is received during an open season or the
prearranged offer is for the applicable maximum Reservation
Rate(s) under the applicable rate schedule for a term of more
than one year and meets all the other terms of the release,
then the prearranged Shipper shall become the Replacement
Shipper for the released capacity. If a better offer is
received during the open season, the prearranged Shipper shall
have the time specified in Section 9.5 hereof to match that
offer. If the prearranged Shipper fails to match the better
offer, then the Bidding Shipper who presented the better offer,
as determined above, shall become the Replacement Shipper.
(i) A Releasing Shipper shall retain all of the capacity under the
executed Storage Service Agreement or Replacement Capacity
Agreement that is not acquired by a Replacement Shipper as the
result of an open season or a prearranged release.
(j) If no bids are received which meet or exceed all of the minimum
conditions specified by Releasing Shipper, no capacity shall be