(h) Whether bids on a volumetric rate basis may be submitted, and, if so, the

method for evaluating any such bids, including how to rank bids if bids are

also to be accepted on a demand charge basis, and any other special

conditions;


 

(i) Whether contingent bids that extend beyond the bid period may be

submitted, how to evaluate and prioritize such bids against non-contingent

bids, and the terms and conditions under which, and/or for what time period,

the next highest bidder will be obligated to acquire the capacity should the

winning contingent bidder withdraw its bids;


 

(j) Any extensions of the minimum posting/bid periods;

(k) Other special terms and conditions Releasing Shipper imposes on the

release of its capacity, including, but not limited to, minimum revenue

requirement, term and quantity;


 

(l) Whether the release is on a permanent or a temporary basis;

(m) An e-mail address for the Releasing Shipper contact person. It is

Shipper’s responsibility to update e-mail address information provided to

Freebird, as necessary, and;


 

(n) The recall notification period(s), as identified in Section 4.13(e)

below, that will be available for use by the parties.


 

4.2 Intraday Release Quantity. The daily contractual entitlement that can be

released by a Releasing Shipper for an intraday release is limited to the

lesser of:


 

(a) the quantity contained in the offer submitted by the Releasing Shipper;

or

(b) a quantity equal to 1/24 of the Releasing Shipper’s MDIQ and MDWQ for the

contract to be released multiplied by the number of hours between the

effective time of the release and the end of the Gas

Day.


 

This allocated daily contractual entitlement shall be used for purposes of

nominations, billing, and if applicable, for overrun

calculations.


 

The MSQ that can be released by a Releasing Shipper for an intraday release is

limited to a quantity not in excess of the Releasing Shipper’s MSQ less the

Releasing Shipper’s Storage Inventory.


 

4.3 Posting and Bidding Timeline. For the Capacity Release business process

timing model, specified in 4.3(a) and 4.3(b), below, only the following

methodologies shall be supported by Freebird and provided to Releasing

Shippers as choices from which they may select and, once chosen, shall be used

in determining the awards from the bid(s) submitted. They are: 1) highest

rate, 2) net revenue and 3) present value. Other choices of bid evaluation

methodology (including other Releasing Shipper defined evaluation

methodologies) can be accorded similar timeline evaluation treatment at

Freebird’s discretion. However, Freebird is not required to offer other

choices or similar timeline treatment for other choices. Further, Freebird

shall not be held to the timeline specified in Sections 4.3(a) and 4.3(b)

below should the Releasing Shipper elect another method of evaluation. Should

the Releasing Shipper elect another method of evaluation, the timeline

specified in Section 4.3(c), below, shall apply. The proposed duration of

Shipper’s release determines the minimum bid period for the Shipper’s offer

pursuant to this Section 4. The Capacity