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TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.22
CAPACITY RELEASE
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS


    
                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.
                    
                b)  For biddable releases (one (1) year or more)
    
                    The timeline is the same as biddable releases for less 
                    than one (1) year except that the Releasing Shipper shall 
                    post the Shipper Notice on the Website by 12:00 p.m. Central 
                    Time four (4) business days before award for long-term 
                    release.  Open Season ends no later than 1:00 p.m. Central 
                    Time on the business day before timely nominations are due 
                    (Open Season is three (3) business days).
    
    
                3. For the capacity release business process timing model in 
                   this section, only the following methodologies are supported 
                   by Transporter and provided to Releasing Shippers as choices 
                   from which they may select and, once chosen, should be used in 
                   determining the awards from the bid(s) submitted.  They are:  
                   (1) highest rate, (2) net revenue, and (3) present value.  
                   Other choices of bid evaluation methodology (including other 
                   releasing shipper defined evaluation methodologies) can be 
                   accorded similar timeline evaluation treatment at the discretion 
                   of Transporter.  However, Transporter is not required to offer 
                   other choices or similar timeline treatment for other choices, 
                   nor is Transporter held to the timeline should the Releasing 
                   Shipper elect another method of evaluation.

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