Southeast Supply Header, LLC
Original Volume No. 1
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Effective Date: 02/26/2009, Docket: RP09-276-000, Status: Effective
First Revised Sheet No. 303 First Revised Sheet No. 303
Superseding: Original Sheet No. 303
GENERAL TERMS AND CONDITIONS
(CONTINUED)
25. CAPACITY RELEASE PROVISIONS (continued)
25.1 Procedure. (continued)
(g) The following capacity release 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 (2)
the Replacement Shipper has been determined to be
creditworthy before the capacity release bid is tendered,
and (3) there are no special terms or conditions of the
release:
(1) For biddable releases (one (1) year or less):
- 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.;
and
- 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)