RATE SCHEDULE FS

FIRM STORAGE

(Continued)


 


 

(13) An indication of whether the pre-arranged capacity release is to a

marketer participating in a state-regulated retail access program as

described in Subsection 8.1(f).


 

(b) Seller's creditworthiness standards shall apply to any potential Replacement

Customer and Releasing Customer shall not establish its own creditworthiness

standards for bidding customer.


 

(c) Releasing Customer may withdraw any existing offer to release, if a valid bid has

not been received. Releasing Customer shall be subject to the provisions of

Section 9 of this Rate Schedule prior to the commencement of the Agreement with

Replacement Customer. Releasing Customer may withdraw its offer to release any

time prior to the close of the bidding period via the Internet Site or EDM, where

unanticipated circumstances justify such withdrawal of when no bid has been

received which meets the Releasing Customer's minimum conditions. Releasing

Customer shall have the option to accept contingent bids which extend beyond the

close of the bidding periods. Releasing Customer cannot extend the original bid

period or the pre-arranged deal Matching Period without posting a new release.

Rerelease of Released Capacity shall be allowed on the same terms and basis as the

primary release (except for volumetric releases which may not be rereleased).


 

(d) CAPACITY RELEASE TIMELINE. The Capacity Release Timeline is applicable to all

parties of the Capacity Release process; however it is only applicable if: (1) all

information provided by parties to the transaction is valid and Replacement

Customer has been determined to be credit worthy before the capacity release bid

is tendered and (2) release contains no special terms or Conditions of the

release.


 

(i) For biddable releases (less than 1 year):

(1) offers should be tendered by 12:00 p.m. on a Business Day;

(2) open season ends no later than 1:00 p.m. on a Business Day (evaluation

period begins at 1:00 p.m. during which contingency is eliminated,

determination of best bid is made, and ties are broken);

(3) evaluation period ends and award posting if no match required at 2:00

p.m.;

(4) match or award is communicated by 2:00 p.m.;

(5) match response by 2:30 p.m.;

(6) where match required, award posting by 3:00 p.m.;

(7) contract issued within one hour of award posting (with a new contract

number, when applicable); nomination possible beginning at the next

available nomination cycle for the effective date of the contract.

(Central Clock Time)


 

(ii)For biddable releases (1 year or more):

(1) offers should be tendered by 12:00 p.m. four Business Days before award;

(2) open season ends no later than 1:00 p.m. on the Business Day before

timely nominations are due (open season is three Business Days);

(3) evaluation period begins at 1:00 p.m. during which contingency is

eliminated, determination of best bid is made, and ties are broken;

(4) evaluation period ends and award posting if no match required at 2:00

p.m.;

(5) match or award is communicated by 2:00 p.m.;

(6) match response by 2:30 p.m.;

(7) where match required, award posting by 3:00 p.m.;

(8) contract issued within one hour of award posting (with a new contract

number, when applicable); nomination possible beginning at the next

available nomination cycle for the effective date of the contract.

(Central Clock Time)