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).