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. 79 Original Sheet No. 79

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(d) Posting of biddable releases for a term of one year or more

shall be processed as described below:

 

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

days before award;

 

(ii) open season ends no later than 1:00 p.m. on the

business day before timely nominations are due (open season is three business

days);

 

(iii) evaluation period begins at 1:00 p.m. during which

contingency is eliminated, determination of best bid is made, and ties are

broken;

 

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

required at 2:00 p.m.;

 

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

 

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

 

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

 

(viii) 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 (e) for uploaded offers received through EDI. (Central Clock Time)