East Tennessee Natural Gas Company

Second Revised Volume No. 1

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Effective Date: 08/01/1998, Docket: RP98-350-000, Status: Effective

Third Revised Sheet No. 139 Third Revised Sheet No. 139 : Superseded

Superseding: Second Revised Sheet No. 139

 

 

GENERAL TERMS AND CONDITIONS (Continued)

 

 

vi) whether the bid is contingent, and if so, the basis for the

contingency.

 

17.6 Applicable Deadlines

 

(a) For releases, GISB Standard 5.3.2 (Version 1.2) provides the following

Bidding Periods:

 

For short-term releases (less than 5 months):

 

-- offers should be tendered by 1 P.M. on the business day before

nominations for short-term releases (less than 5 months);

-- open season ends no later than 2 P.M. on the business day before

nominations are due (evaluation period begins at 2 P.M. during which

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

ties are broken);

-- evaluation period ends at 3 P.M.;

-- match or award is communicated by 3 P.M.;

-- match response by 4 P.M.;

-- award posting by 5 P.M.;

-- posting of pre-arranged deals not subject to bid by 9 A.M. the day of

nominations;

-- contract tendered with contract number by 10 A.M.; contract executed;

nomination possible for next day gas flow (Central Clock Time).

 

For longer term releases (five months or more):

 

-- offers should be tendered by 1 P.M. four business days before award

for long-term releases;

-- open season ends no later than 2 P.M. on the business day before

nominations are due (open season is three business days);

-- evaluation period begins at 2 P.M. during which contingency is

eliminated, determination of best bid is made, and ties are broken;

-- evaluation period ends at 3 P.M.;

-- match or award is communicated by 3 P.M.;

-- match response by 4 P.M.;

-- award posting by 5 P.M.;

-- posting of pre-arranged deals not subject to bid by 9 A.M. the day of

nominations;

-- contract tendered with contract number by 10 A.M.; contract executed;

nomination possible for next day gas flow (Central Clock Time).