Dauphin Island Gathering Partners

Original Volume No. 1

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Effective Date: 12/23/1997, Docket: RP98- 17-000, Status: Effective

Substitute Original Sheet No. 207 Substitute Original Sheet No. 207 : Effective

Superseding: Original Sheet No. 207

19.8 Offers to Acquire Firm Capacity:

 

Transporter agrees to post on its EBB at a party's request

offers to purchase firm capacity on a permanent or

temporary basis. All such parties must have met the

Prequalified Bidder Requirements pursuant to Subsection

19.6(e).

 

19.9 Timeline for Capacity Releases:

 

(a) The Capacity Release Timeline is applicable to all

parties involved in the capacity release process.

However, it is only applicable if:

 

(i) 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 is tendered, and

 

(ii) there are no special terms or conditions to

the release.

 

(b) For short-term releases (less than five months):

 

--Offers should be tendered by 1:00 p.m. CCT on the

day before nominations for short-term releases (less

than 5 months);

 

--open season ends at 2:00 p.m. CCT on the day

before nominations are due (evaluation period begins

at 2:00 p.m. CCT during which contingency is

eliminated, determination of best bid is made, and

ties are broken);

 

--evaluation period ends at 3:00 p.m. CCT;

 

--match or award is communicated by 3:00 p.m. CCT;

 

--match response by 4:00 p.m. CCT;

 

--award posting by 5:00 p.m. CCT;

 

--posting of pre-arranged deals not subject to bid

by 9:00 a.m. CCT the day of nominations;

 

--contract tendered with contract number by 10:00

a.m. CCT; contract executed; nomination possible for

next day gas flow.