4.5 Capacity Release Time Line.  The capacity release
time line is applicable to all parties participating in the
capacity release process if (a) the Replacement Customer has
been determined to be creditworthy, (b) all information
provided by parties to the transaction is valid and (c) the
release contains no special terms or conditions of release.
   
          (1) Biddable releases less than one year.  The
following time line for each Business Day is stated in
Central Clock Time.
   
               (a) 12:00 p.m. - offers tendered.
               (b)  1:00 p.m. - bid period ends; evaluation
period begins during which contingency is eliminated,
determination of best bid is made and ties are broken.
               (c)  2:00 p.m. - evaluation period ends;
award is posted if no match is required and match or award
is communicated.
               (d) 2:30 p.m. - match is responded to.
               (e) 3:00 p.m. - capacity is awarded and
posted.
               (f) Within one hour of award posting,
contract will be issued (with a new contract number when
applicable); nomination possible beginning at the next
available nomination cycle for the effective date of the
contract.
          (2)  Biddable releases (one year or more):  The
following time line for each Business Day is stated in
Central Clock Time.
   
               (a) 12:00 p.m. - offers tendered - four
Business Days before award.
               (b) 1:00 p.m. - bid period ends on the
Business Day before timely nominations are due (bid period
is three Business Days); evaluation period begins during
which contingency is eliminated, determination of best bid
is made and ties are broken.
               (c) 2:00 p.m. - evaluation period ends; award
is posted if no match is required and match or award is
communicated.
               (d) 2:30 p.m. - match is responded to.
                  (e) 3:00  p.m. - capacity is awarded and
posted where match is required.