K O Transmission Company

Original Volume No. 1

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Effective Date: 11/01/2010, Docket: RP10-1231-000, Status: Pending

First Revised Sheet No. 60A First Revised Sheet No. 60A

Superseding: Original Sheet No. 60A

 

GENERAL TERMS AND CONDITIONS (continued)

 

4. Release and Assignment of Service Rights (continued)

 

4.12 Capacity Release Timeline

 

The capacity Release timeline applies to all parties involved in the capacity

release process provided that:

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

the acquiring shipper has been determined to be credit worthy before the

capacity release bid is tendered

2) for index-based capacity release transactions, the releasing shipper has

provided the capacity release service provider with sufficient instructions

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

3) there are no special terms or conditions of the release.

 

Further, the capacity release service provider 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 Transportation Service Provider).

 

Capacity Release Timeline:

 

For biddable releases (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.;

 

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 (more than 1 year):

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 periods ends and award posting if no match required at 2:00 P.M.;