RATE SCHEDULE FS

FIRM STORAGE

(Continued)


 


 

(iii) For non-biddable releases:

Timely Cycle

Posting of prearranged deals not subject to bid are due by

10:30 a.m.


 

Evening Cycle

Posting of prearranged deals not subject to bid are due by

5:00 p.m.


 

Intraday 1 Cycle

Posting of prearranged deals not subject to bid are due by

9:00 a.m.


 

Intraday 2 Cycle

Posting of prearranged deals not subject to bid are due

by 4:00 p.m.


 

For each cycle, contracts will be 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)


 

(e) COMPETITIVE BIDDING PROCEDURE. Bids may be submitted by potential

Replacement Customers via the Internet Site during the posting period.

Seller shall post the terms of each complete bid, but will not post the

identity of the bidder. Posted bids will be accessible via EDM. Seller

will also require all information set forth in Section 2 of the General

Terms and Conditions of this Tariff. Potential Replacement Customers

bids for capacity release transactions longer than one (1) year may not

exceed the Maximum Rates as stated on Sheet No. 5 of this Tariff. Upon

expiration of the offer, Seller shall remove such offer of release from

its Internet Site.


 

Potential Replacement Customers may withdraw their posted bids at any

time during the bidding period via the Internet Site or EDM. Potential

Replacement Customers cannot withdraw bids after the bidding period

ends. Such potential Replacement Customers may not post another bid for

the same capacity lower than their previous bid.


 

Seller will post offers and bids, including prearranged deals, upon

receipt. A Releasing Customer may request a later posting time for

posting of such offer, and Seller will support such request insofar

as it comports with the standard Capacity Release timeline specified

in Section 8.1(d), above.