Bobcat Gas Storage
Original Volume No. 1
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Effective Date: 10/15/2008, Docket: RP08-608-000, Status: Effective
Original Sheet No. 64 Original Sheet No. 64
GENERAL TERMS AND CONDITIONS
(Continued)
4. CAPACITY RELEASE (Continued)
4.3 Posting and Bidding Timeline (Continued)
The Capacity Release timeline is as follows:
(a) For standard releases of less than one year:
(i) Offers shall be tendered by 12:00 p.m. CCT on a
Business Day;
(ii) The bid period shall end at 1:00 p.m. CCT on the same
Business Day or at 1:00 p.m. CCT on any subsequent
Business Day as specified in Releasing Customer's
offer, whichever is elected by Releasing Customer;
(iii) Evaluation period begins at 1:00 p.m. CCT on the Day
the bid period ends, during which contingency is
eliminated, determination of best bid is made, and
ties are broken;
(iv) Evaluation period ends and award is posted if no match
is required at 2:00 p.m. CCT the same Day;
(v) If the Prearranged Customer's bid is not the best bid,
then Bobcat shall allow such Prearranged Customer a
period of thirty (30) minutes from 2:00 p.m. until
2:30 p.m. CCT on the Day the Bid Period ends, or such
later time as specified in the Releasing Customer's
offer, to determine whether to match the best bid and
to notify Bobcat of its decision.
(vi) If a match is required, the award will be posted by
3:00 p.m. CCT.
Bobcat will issue a contract within one hour of the award
posting (with a new contract number, when 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 7
(Nominations and Scheduling) of these General Terms and
Conditions; however, in no circumstance will Gas flow prior
to the effective date of the release as specified in
Releasing Customer's offer.