Honeoye Storage Corporation

Original Volume No. 1A

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Effective Date: 11/01/2010, Docket: RP10-1222-000, Status: Effective

Fourth Revised Sheet No. 15 Fourth Revised Sheet No. 15

Superseding: Third Revised Sheet No. 15

 

and basis as the primary release (except for volumetric releases which may not be

re-released).

 

(d) CAPACITY RELEASE TIMELINE. The “Capacity Release Timeline” set forth

below is applicable to all parties of the Capacity Release process; however it is

only applicable if: (1) all information provided by parties to the transaction is

valid and Replacement Customer has been determined to be creditworthy before

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

transactions, the Releasing Customer has provided the Company with sufficient

instructions to evaluate the corresponding bid(s) according to the timeline, and (3)

the release contains no special terms or conditions of the release.

 

For biddable releases (less than 1 year):

- 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.;

- 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)

 

For biddable releases (1 year or more):

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

- 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);

- 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.;