Texas Eastern Transmission, L P

Seventh Revised Volume No. 1

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Effective Date: 11/16/2009, Docket: RP10-53-000, Status: Effective

Fourth Revised Sheet No. 530 Fourth Revised Sheet No. 530

Superseding: Third Revised Sheet No. 530

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(1) For biddable releases of one (1) year or less

 

- Customer's Notice shall be tendered by 12:00 P.M. CT on a Business

Day.

- the Bid Period shall end at 1:00 P.M. CT on the same Business Day or

at 1:00 P.M. CT on any subsequent Business Day as specified in

Customer's Notice, whichever is elected by Customer.

- The evaluation period begins at 1:00 P.M. CT on the day the Bid Period

ends, during which contingency is eliminated, determination of best

bid is made and ties are broken.

- Evaluation period ends and award is posted if no match is required at

2:00 P.M. CT the same day.

- If the Prearranged Customer's bid is not the "best bid", Pipeline

shall allow such Prearranged Customer a Matching Period of thirty (30)

minutes from 2:00 P.M. CT until 2:30 P.M. CT on the day the Bid Period

ends, or such later time as permitted by Customer's Notice, to

determine whether to match the "best bid" and to notify Pipeline of

its decision.

- If a match is required, Pipeline will post the award by 3:00 P.M. CT.

- Pipeline will issue a contract within one hour of the award posting

(with a new contract number, when applicable).

 

Nominations for Gas flow are possible beginning at the next available

nomination cycle for the effective date of the contract. Such

nominations will be processed in accordance with the nomination and

scheduling requirements of Section 4 of the General Terms and Conditions;

however, in no circumstance will Gas flow prior to the effective date of

the release as specified in Customer's Notice.

 

(2) For biddable releases of more than one (1) year

 

- Customer's Notice shall be tendered by 12:00 P.M. CT four Business

Days before the award.

- the Bid Period shall end at 1:00 P.M. CT on the Business Day before

timely nominations are due (open season is three Business Days) or at

1:00 P.M. CT on any subsequent Business Day as specified in Customer's

Notice, whichever is elected by Customer.

- The evaluation period begins at 1:00 P.M. CT on the day the Bid Period

ends, during which contingency is eliminated, determination of best

bid is made and ties are broken.

- Evaluation period ends and award is posted if no match is required at

2:00 P.M. CT the same day.

- If the Prearranged Customer's bid is not the "best bid", Pipeline

shall allow such Prearranged Customer a Matching Period of thirty (30)

minutes from 2:00 P.M. CT until 2:30 P.M. CT on the day the Bid Period

ends, or such later time as permitted by Customer's Notice, to

determine whether to match the "best bid" and to notify Pipeline of

its decision.

- If a match is required, Pipeline will post the award by 3:00 P.M. CT.

- Pipeline will issue a contract within one hour of the award posting

(with a new contract number, when applicable).

 

Nominations for Gas flow are possible beginning at the next available

nomination cycle for the effective date of the contract. Such nominations

will be processed in accordance with the nomination and scheduling

requirements of Section 4 of the General Terms and Conditions; however, in

no circumstance will Gas flow prior to the effective date of the release

as specified in Customer's Notice.