Cheyenne Plains Gas Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 02/25/2009, Docket: RP09-300-000, Status: Effective

Second Revised Sheet No. 315 Second Revised Sheet No. 315

Superseding: First Revised Sheet No. 315

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

28. CAPACITY RELEASE PROGRAM (Contd.)

 

28.5 (Continued)

 

(c) Pursuant to NAESB WGQ Standard 5.3.1, the following capacity

release timeline (NAESB WGQ Timeline) is applicable to all

parties involved in the capacity release process; however, it

is only applicable if 1) all information provided by the

parties to the transaction is valid and the acquiring Shipper

has been determined to be creditworthy before the capacity

release bid is tendered and 2) there are no special terms or

conditions of the release. Furthermore, the release must

comply with the Bid Evaluation Methods described in Sections

28.11(d)(i) through (iii), hereof (Note 1):

 

NAESB WGQ Standard 5.3.2, as modified by FERC Order No. 712:

For biddable releases (one (1) year or less):

 

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

Day;

 

(ii) 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);

 

(iii) evaluation period ends and award posting if no match

required at 2:00 p.m.;

 

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

response by 2:30 p.m.; where match required, award

posting by 3:00 p.m.;

 

(v) 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)