| Liberty Gas Storage L.L.C. |
|
Original Sheet No. 112 : Effective |
| FERC Gas Tariff |
|
|
| Liberty Gas Storage L.L.C. |
GENERAL TERMS AND CONDITIONS
(b) For standard releases of one year or longer:
- Offers shall be tendered by 12:00 p.m. CCT four Business Days before the
award;
- The bid period shall end at 1:00 p.m. CCT on the Day before timely
nominations are due
(open season is three Business Days) or at 1:00 p.m. CCT on any subsequent
Business Day as specified in Releasing Customers offer, whichever is elected
by Releasing Customer;
- 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;
- Evaluation period ends and award is posted if no match is required at
2:00 p.m. CCT the same Day;
- If the Prearranged Customers bid is not the best bid, Liberty shall
allow such Prearranged Customer a Matching Period of thirty (30) minutes from
2:00 p.m. CCT until 2:30 p.m. CCT on the Day the Bid Period ends, or such later
time as specified in the Releasing Customers offer, to determine whether to
match the best bid and to notify Liberty of its decision.
- If a match is required, the award will be posted by 3:00 p.m. CCT.
Liberty 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 8 of the General Terms and Conditions;
however, in no circumstance will Gas flow prior to the effective date of the
release as specified in Releasing Customers offer.
(c) Timeline for Non-standard Releases. If Customer specifies a bid
evaluation methodology other than those stated in Section 4.7 or any special
terms or conditions, the above timelines shall apply; provided, however, one
additional Business Day will be added to the evaluation period. Subsequent
deadlines will be delayed by such additional Business Day, causing Gas flow to
occur at least one Day later than under the standard timelines set forth in
Sections 4.3(a) and 4.3(b).
| Issued by: William Rapp, Senior Counsel |
| Issue date: 06/10/05 |
|
Effective date: 04/15/07 |