White River Hub, LLC

Original Volume No. 1

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

Original Sheet No. 75 Original Sheet No. 75

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(e) Whether Shipper will accept contingent bids, the

contingencies acceptable to Shipper, the deadline by which all contingencies

must be met and whether White River should award capacity to the next highest

bidder if contingencies are not met.

 

(f) The beginning and ending dates of the release.

 

(g) Whether the release is temporary or permanent.

 

(h) The minimum acceptable release period.

 

(i) Whether the capacity may be released at a one-part

volumetric rate.

 

(j) If capacity is released at a one-part volumetric rate, (i)

the minimum volumetric rate, (ii) the terms and conditions applicable to the

release, (iii) whether two-part bids will be accepted and (iv) criteria by

which bids are to be evaluated.

 

(k) The minimum rate at which the Shipper will release the

capacity. If the Releasing Shipper does not specify a minimum rate, a Bidding

Shipper may bid any rate up to the maximum rate on White River's Statement of

Rates, except for short-term capacity releases for a term of one year or less

that are not subject to the maximum rate.

 

(l) The criteria by which White River should evaluate the bids.

A Releasing Shipper may select highest rate (the measure of dollars per unit),

net revenue (the measure of the sum of all payments), the present-value

formula in § 6.12 or state its own criteria.

 

(m) The method by which capacity will be awarded if tied bids

are received. If no method for awarding capacity to tied bidders is

specified, the capacity will be awarded pro rata based on each Shippers

requested RDC.