TransGas Comprehensive Tariff
vii. TransGas will allocate the available Capacity based on the highest bid revenue on the first working Day following closure of the bid window, and notify individual bidders as to whether the bid resulted in an award of Service. In awarding the Service, if two bids are of equal value but Capacity does not exist to fill all equal bids, the available Capacity will be prorated among the equal bids. Bidders will not be obligated to accept a quantity less than their bid quantity. If Customer does not accept a lower, prorated quantity, this quantity would be made available to other bidders. viii. TransGas will make public the quantity of Injection Service awarded and the bid prices accepted, without identifying the successful applicants. (c) Monthly Biddable Firm Injection Service In addition to Base Firm Injection and Seasonal Biddable Firm Injection Service, a Customer may also obtain rights to Monthly Biddable Firm Injection Service. Any excess Monthly Injection capability may be offered to Storage Customers, or their duly appointed Agents, through a bid process as described below. This Service will be limited to a one-Month duration. i. Fifteen Days prior to Month-end, TransGas will estimate the amount of excess Monthly Firm Injection Capacity that will be available to offer to Storage Customers for the following Month. ii. TransGas will determine the incremental cost of offering this Service. The minimum acceptable bid price will be based on this incremental cost. iii. TransGas will notify Customers of the amount of Capacity available to be bid upon, 14 Days prior to Month-end, along with the minimum acceptable bid price. iv. The bid window will remain open for a seven-Day period during which Customers, or their Agents, may submit their bids to TransGas for this Service for the following Month. The bid window closes seven Days prior to Month-end. v. The Customer is required to bid the amount of Injection Capacity requested up to the total Capacity TransGas anticipates being available and the bid price for this Capacity in $ per GJ per Day. This will represent a Demand Charge for the Month payable regardless of actual utilization of this Injection right. vi. In accordance with the terms and conditions set out on the Bid Form, TransGas may award the incremental Firm Injection Capacity based upon the price bid per unit of Injection Capacity. vii. The Day following the close of bids, TransGas will notify individual bidders as to whether their bid has resulted in an award of Service. viii. Customers who have bid for more Capacity than is available will have their bid quantity prorated. A Customer will not be obligated to accept a quantity less than their bid quantity. If a Customer does not accept a lower, prorated quantity, this quantity would be made available to other bidders.
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Service Specifications 3.3 Storage
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