Florida Gas Transmission Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 02/23/2009, Docket: RP09-253-000, Status: Effective

First Revised Sheet No. 299 First Revised Sheet No. 299

Superseding: Original Sheet No. 299

 

GENERAL TERMS AND CONDITIONS

(continued)

 

D. Capacity Release Timelines (All times are Central Clock Time)-

 

The capacity release timelines are applicable to all parties in the

capacity release process provided that 1) all information provided by the

parties 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.

 

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

 

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

(b) 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);

(c) evaluation period ends and award posting if no match required at 2:00 P.M.;

(d) match or award is communicated by 2:00 P.M.;

(e) match response by 2:30 P.M.;

(f) where match required, award posting by 3:00 P.M.;

(g) 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).

 

2. For biddable releases (more than 1 year):

(a) offers should be tendered by 12:00 P.M. four Business Days before award;

(b) 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);

(c) evaluation period begins at 1:00 P.M. during which contingency is

eliminated, determination of best bid is made, and ties are broken;

(d) evaluation period ends and award posting if no match required at 2:00 P.M.;

(e) match or award is communicated by 2:00 P.M.;

(f) match response by 2:30 P.M.;

(g) where match required, award posting by 3:00 P.M.;

(h) 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).