Southern Star Central Gas Pipeline, Inc.

Original Volume No. 1

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Effective Date: 05/01/2003, Docket: RP03-352-000, Status: Effective

Original Sheet No. 255 Original Sheet No. 255 : Effective

 

GENERAL TERMS AND CONDITIONS

 

11. FIRM CAPACITY REASSIGNMENT (Cont'd)

 

11.4 Procedure

 

(a) Bids and offers must be complete before being posted. Only

posted offers and bids will be available electronically.

Completed offers for release and bids, including pre-

arranged releases, shall be posted upon receipt. Releasing

Shippers may request a later posting time for posting such

offer provided such posting time comports with the standard

time line set forth below. The Capacity Release time line

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 Replacement Shipper has been determined to be

credit worthy before the capacity release bid is tendered;

and (2) there are no special terms or conditions of the

release.

 

For biddable releases (less than 1 year):

- offers should be tendered by 12:00 P.M. on a Business Day;

- 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);

- evaluation period ends and award posting if no match

required at 2:00 P.M.;

- 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.;

- 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)

 

For biddable releases (1 year or more):

- offers should be tendered by 12:00 P.M. four Business Days

before award;

- open season ends no later than 1:00 P.M. on the Business

Day before timely nominations are due (open season is three

Business Days);

- evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid is

made, and ties are broken;

- evaluation period ends and award posting if no match

required at 2:00 P.M.;

- match or award is communicated by 2:00 P.M.;

- match response by 2:30 P.M.;