White River Hub, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 11/01/2008, Docket: RP08-645-000, Status: Effective

Original Sheet No. 66 Original Sheet No. 66

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

5.4 Bid Period. White River's bid period for firm capacity will begin

on the day available capacity is posted on the Customer Activities Web site

and will be administered as described below. All times listed below are

Central Clock Time.

 

(a) The initial bid period will be held from 9:00 a.m. on the

business day available capacity is posted on the Customer Activities Web site

until 1:00 p.m. on the eighth business day prior to the end of the month.

Shippers desiring to submit a bid for service must do so prior to 1:00 p.m. on

the eighth business day prior to the end of the month. The rate, term and

present value of each bid received during the initial bid period will be shown

on the Customer Activities Web site as received. However, the identity of the

Bidding Shipper shall be kept confidential.

 

(b) If no competing bids are received for the same available

capacity on White River's system at the end of the initial bid period, bidding

will close. If competing bids are received for the same available capacity,

White River will post notification of the competing bids on the Customer

Activities Web site on or before 2:00 p.m. Shippers who submitted competing

bids will have an opportunity, beginning at 2:00 p.m., to post an updated bid

that equals or exceeds the highest competing bid, as calculated according to §

5.8. If no bids are received within the first hour, bidding will close at

3:00 p.m. Otherwise, bidding will continue until there has been no bidding

activity for 30 minutes or until 4:00 p.m., whichever occurs first.

 

(c) Throughout the bidding periods, White River will continue

posting a list of all bids, including competing bids, on the Customer

Activities Web site as they are received or updated.

 

(d) Except for capacity that is subject to a right of first

refusal according to Section 7 of the General Terms and Conditions of this

tariff, capacity will be awarded no later than 11:00 a.m. on the second

business day following the bid period to the Shipper or Shippers whose bid

offers a rate and term that yields the highest present value per unit of

capacity and whose terms and conditions are acceptable to White River.

 

(e) Capacity sold during the bid period will be available no

sooner than the first day of the month succeeding the bid period.

 

(f) White River, at its discretion, may decline to award the

capacity if a satisfactory bid has not been received and will repost it in

subsequent bid periods.