T.W. Phillips Pipeline Corp.

Original Volume No. 1

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Effective Date: 01/01/2010, Docket: RP10-141-000, Status: Effective

Original Sheet No. 66 Original Sheet No. 66

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

22.4. Bidding Process

 

22.4.1. In order to submit a valid bid under this capacity release program, any

party, including a PRS, must be on the approved bidders list. To be on

the approved bidders list, a party must meet the provisions of this

section and have executed a Capacity Release Transportation Service Agree-

ment with Transporter in the form as set forth in this Tariff. A party

shall remain on the approved bidders list until such party notified

Transporter to the contrary, no longer meets the credit qualifications in

this section, or is suspended from the approved bidders list in the event

and for such time as such party fails to pay part or the entire amount of

any bill for service.

 

22.4.2. The capacity release timeline is applicable to all parties involved in

the Capacity Release process; however, it is only applicable 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 capa-

city release bid is tendered; and (2) there are no special terms or

conditions of the release.

 

a) For biddable release (less than one year)

 

On a business day:

12:00 p.m.

Time by which Releasing Shipper shall post the Shipper Notice on

the Website.

 

1:00 p.m.

Bidding period ends and evaluation period begins during which

contingency is eliminated, determination of best bid is made and

ties are broken.

 

2:00 p.m.

Evaluation period ends and award posting if no match required.

Communication of match or award is due.

 

2:30 p.m.

Match response is due.

 

3:00 p.m.

Award posting where match is required.