Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 02/26/2009, Docket: RP09-297-000, Status: Effective

Second Revised Sheet No. 176 Second Revised Sheet No. 176

Superseding: First Revised Sheet No. 176

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

 

(f) The following capacity release timeline is applicable

to all parties involved in the capacity release

process; however, it is only applicable if all

information provided by the parties to the

transaction is valid and the Replacement Shipper has

been determined to be creditworthy before the

capacity release bid is tendered, and 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)