| Clear Creek Storage Company, LLC |
|
Original Sheet No. 42 : Effective |
| FERC Gas Tariff |
|
|
| Clear Creek Storage Company, LLC |
GENERAL TERMS AND CONDITIONS
(Continued)
capacity shall be awarded to those bidders pro rata, based
on the quantity of storage capacity bid by each tied
Customer.
(3) The second highest bidder will receive the
remainder of the offered capacity provided that the amount
remaining is above the bidders minimum acceptable quantity.
Any remaining capacity shall be awarded to the next highest
bidder with the same provisions stated above. This process
will be repeated until either all of the offered capacity is
awarded, or the remaining capacity is less than the
Releasing Customers minimum quantity or remaining bidders
acceptable quantity.
(4) Capacity that is released temporarily shall
be awarded to the Replacement Customer that makes the best
offer based on the criteria specified by the Releasing
Customer, or the highest economic value as defined above.
(5) Capacity that is released permanently shall
be awarded to the Replacement Customer that offers an
economic value equal to, or greater than, the economic value
of the Releasing Customers storage capacity. The economic
value shall be calculated according to Section 3.4 of these
General Terms and Conditions. Acceptance shall be
conditioned upon the Replacement Customer satisfying Clear
Creeks creditworthiness standard and eligibility
requirements.
(6) Clear Creek shall not be required to contract
with parties submitting bids that do not meet the conditions
of the offer to release capacity. Subject to approval of
the Releasing Customer, however, Clear Creek may accept bids
offering a price or term that is less than that set forth on
the release. All bids shall be evaluated according to
criteria provided by the Releasing Customer. If no criteria
are provided by the Releasing Customer, bids shall be
accepted in an order of priority based on the highest
economic value offered by the competing bids as described
above.
4.8 Execution of a Service Agreement. Once the
provisions of this Section 4.8 are satisfied, and as a
condition precedent to receiving service pursuant to a
capacity release, the Replacement Customer shall execute a
Service Agreement with Clear Creek.
| Issued by: M.B. McGinley, Vice President |
| Issue date: 03/30/00 |
|
Effective date: 06/01/00 |