American Midstream (Midla), LLC

Sixth Revised Volume No. 1

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Effective Date: 11/01/2010, Docket: RP10-1268-000, Status: Effective

First Revised Original Sheet No. 112 First Revised Original Sheet No. 112

Superseding: Original Sheet No. 112

 

4.3 Biddable Releases

 

The hourly deadlines set forth in this Section 4.3 are applicable to all parties involved

provided that: 1) all information provided by the parties to the transaction is valid and the

Potential Customer has been determined to be credit worthy before the capacity release

bid is tendered, 2) for index-based capacity release transactions, the Releasing

Customer has provided Pipeline with sufficient instructions to evaluate corresponding

bid(s) according to the timeline and 3) there are no special terms or conditions of the

release. Further, Pipeline 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 Pipeline).

 

(a) For 1 Year or less

 

(1) Offer for capacity release shall 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).

(i) Match or award is communicated by 2:00 p.m.

(ii) If required, a match response is due by 2:30 p.m.

(iii) Where match is required, award posting shall be by 3:00 p.m.

(3) A contract will be issued within one (1) hour of award posting (with a new contract

number, when applicable). Nominations possible beginning at the next available

nomination cycle for the effective date of the contract. (Central Clock Time)

 

(b) For more than 1 Year

 

(1) Offer for capacity release shall be tendered by 12:00 p.m. four (4) 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(3) Business Days.

(i) Evaluation period begins at 1:00 p.m. during which contingency is eliminated,

determination of best bid is made, and ties are broken.

(ii) Evaluation period ends and award is posted, if no match is required, at 2:00 p.m.

(iii) Match or award is communicated by 2:00 p.m.

(iv) If required, a match response is due by 2:30 pm.

(v) Where match is required, award posting shall be by 3:00 p.m. (Central Clock Time)

 

(3) A contract will be issued within one (1) hour of award posting (with a new contract

number, when applicable). Nominations possible beginning at the next available

nomination cycle for the effective date of the contract.