ANR Pipeline Company

Second Revised Volume No. 1

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Effective Date: 11/01/2010, Docket: RP10-1272-000, Status: Effective

Seventh Revised Sheet No. 156 Seventh Revised Sheet No. 156

Superseding: Sixth Revised Sheet No. 156

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Releasing Shipper's offer to release shall be posted for the Bidding Period; provided,

however, that the Releasing Shipper shall have the right to withdraw such offer before

the end of the Bidding Period where unanticipated circumstances so justify and a notice

of withdrawal of the offer is posted on GEMStm or EDM or submitted in writing prior to

the receipt of any valid bids for such capacity.

 

Transporter will post offers and bids, including prearranged deals, upon receipt.

A Releasing Shipper may request a later posting time for posting of such offer, and

Transporter will support such request insofar as it comports with the Capacity

Release timeline in Section 21.1(f), below.

 

(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, for index-based

capacity release transactions the Releasing Shipper has provided Transporter with

sufficient instructions to evaluate the corresponding bid(s) according to the timeline,

and there are no special terms or conditions of the release.

 

Further, Transporter may complete the capacity release process on a different timeline

if the offer includes unfamiliar or unclear terms and conditions (e.g. designation of

an index not supported by the Transporter).

 

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

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

(2) 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);

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

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

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

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

(7) 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)

 

(ii) For biddable releases (more than 1 year):

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

(2) 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);

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

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