Reliant Energy Gas Transmission Company

Fifth Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-439-002, Status: Effective

Substitute Third Revised Sheet No. 399 Substitute Third Revised Sheet No. 399 : Effective

Superseding: Second Revised Sheet No. 399

GENERAL TERMS AND CONDITIONS

(continued)

 

19.3 Capacity Release Timeline.

 

(a) All offers must be complete, valid and in compliance with the

terms of this Tariff, prior to posting. Valid and complete

offers will be posted upon receipt, unless releasing Shipper

requests a later posting time, provided that such request

comports with the standard timeline specified below. Except as

provided in Section 19 above, the timelines set forth in (b) and

(c) below for capacity releases shall be applicable if:

 

(i) all information provided by the parties to the transaction

is valid, complete, and satisfies the requirements of this

section;

 

(ii) all bidders have been determined by Transporter to be

creditworthy prior to the bidder's tender of a bid;

 

(iii) there are no special terms and conditions of the release;

and

 

(iv) the offer to release contains one of the bid evaluation

methodologies specified in Section 19.5(a) below.

 

(b) For biddable releases:

 

(i) Less than one (1) Year:

 

On a Business Day:

 

(1) Offers shall be received by 12:00 p.m.;

 

(2) Bid period ends at 1:00 p.m.;

 

(3) Bid evaluation period begins at 1:00 p.m.,

during which contingencies are eliminated; best

bid is determined; and bid ties are broken, and

ends at 2:00 p.m.;

 

(4) Award of capacity or the triggering of a

matching right communicated to the appropriate

party by 2:00 p.m.;