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
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
(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