* If the Prearranged Customer’s bid is not the “best bid,” Caledonia shall allow

such Prearranged Customer a matching period of thirty (30) minutes from 2:00 p.m.

C.C.T. until 2:30 p.m. C.C.T. to determine whether to match the “best bid” and to

notify Caledonia of its decision.

* If a match is required, the award will be posted by 3:00 p.m. C.C.T.


 

Caledonia will issue a contract within one hour of the award posting (with a new

contract number, when applicable). Nominations for Gas flow are possible beginning

at the next available nomination cycle for the effective date of the contract.

Such nominations will be processed in accordance with the nomination and scheduling

requirements of Section 5 of the General Terms and Conditions; however, in no

circumstance will Gas flow prior to the effective date of the release as specified

in Releasing Customer’s offer.


 

(c) Timeline for Non-biddable Releases

If Customer specifies a bid evaluation methodology other than those stated in

Section 9.3 or any special terms or conditions, the above timelines shall apply;

provided, however, one additional Business Day will be added to the evaluation

period. Subsequent deadlines will be delayed by such additional Business Day,

causing Gas flow to occur at least one day later than under the standard timelines

set forth in Sections 9.3(a) and 9.3(b).


 

(d) Releases Not Subject to Bidding

Prearranged capacity releases of a duration of thirty-one (31) days or less, to an

asset manager (as defined by FERC regulations at 18 C.F.R. § 284.8(h)(3)), or to a

marketer participating in a state-regulated retail access program (as defined by

FERC regulations at 18 C.F.R. § 284.8(h)(4)) are not required to be posted for

bidding pursuant to Section 9.3. Nonetheless, Customer may elect to post one of

the foregoing releases for bidding pursuant to Section 9.3 and all other terms and

conditions of the release are met, Customer shall notify Caledonia by providing

the information pursuant to Section 9.1, which information will be posted on the

Internet Web Site as required by Section 9.5 in accordance with the following

timelines:


 

Timely Cycle:

Posting of prearranged deals not subject to bid are due by 10:30 a.m. C.C.T.


 

Evening Cycle:

Posting of prearranged deals not subject to bid are due by 5:00 p.m. C.C.T.


 

Intraday 1 Cycle:

Posting of prearranged deals not subject to bid are due by 9:00 a.m. C.C.T.