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. 78 Original Sheet No. 78

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

6.10 Bidding Periods for Released Capacity.

 

(a) All released-capacity transactions other than those listed

in § 6.9(a) must be posted on the Customer Activities Web site by the

releasing shipper in accordance with § 6.6 and the capacity must be awarded

through the bidding procedures set forth in §6.9(c).

 

(b) The timeline set forth below is applicable to all parties

involved in the capacity-release process if (1) all information provided by

the parties to the transaction is valid and the acquiring Shipper has been

determined to be creditworthy before the capacity-release bid is tendered and

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

 

(c) Posting for biddable releases less than one year, including

offers for releases for a term of 31 days or less, that have not been pre-

arranged and a roll-over of pre-arranged releases for a term of 31 days or

less will follow the timeline below:

 

(i) offers should be tendered by 12:00 p.m. on a business

day;

 

(ii) 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);

 

(iii) evaluation period ends and award posting if no match

required at 2:00 p.m.;

 

(iv) match or award is communicated by 2:00 p.m.;

 

(v) match response by 2:30 p.m.;

 

(vi) where match required, award posting by 3:00 p.m.;

 

(vii) 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.

Refer to (iii) for uploaded offers received through electronic data

interchange (EDI).