Rendezvous Pipeline Company, L.L.C.
Original Volume No. 1
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Effective Date: 02/08/2007, Docket: RP07- 6-000, Status: Effective
Original Sheet No. 55 Original Sheet No. 55 : Pending
(l) All terms of Capacity Release transactions between
Transporter, the Releasing Shipper and the
Replacement Shipper must be agreed to through the
public notification and posting procedures
contained herein.
19.7 Capacity Release Timeline. The Capacity Release
timeline is applicable to all parties involved in the
Capacity Release process; however, it is only
applicable if all information provided by the parties
to the transaction is valid and the acquiring shipper
has been determined to be credit worthy before the
capacity release bid is tendered, and there are no
special terms or conditions of the release.
For biddable releases (less than 1 year):
- offers should be tendered by 12:00 P.M. on a
Business Day;
- 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);
- evaluation period ends and award posting if no
match required by 2:00 P.M.;
- match or award is communicated by 2:00 P.M.;
- match response by 2:30 P.M.;
- where match required, award posting by 3:00 P.M.;
- 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 (Central Clock Time).
For biddable releases (1 year or more):
- offers should be tendered by 12:00 P.M. four
Business Days before award;
- 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);
- evaluation period begins at 1:00 P.M. during which
contingency is eliminated, determination of best
bid is made, and ties are broken;
- evaluation period ends and award posting if no
match required at 2:05P.M.;
- match or award is communicated by 2:00 P.M.;
- match response by 2:30 P.M.;
- where no match required, award posting by 3:00
P.M.;
- 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 (Central Clock Time).