GENERAL TERMS AND CONDITIONS

(continued)


 


 

(i) whether bids should be submitted in dollars and cents or

percentages of maximum tariff rate;


 

(j) the bid evaluation method which shall be, at the Releasing

Shipper's option, either one of the following three standard

evaluation methods: highest rate, net revenue or present

value; or alternative Releasing Shipper defined bid

evaluation methods pursuant to GT&Cs Section 11.2(k);

provided, however, that Pipeline shall not be required to

process the capacity release using the standard process

timeline should the Releasing Shipper elect an alternative

method of bid evaluation;


 

(k) at the Releasing Shipper's option and in lieu of Pipeline

implementing the Best Bid determination stated in GT&Cs

Section 11.5, the Releasing Shipper may state the bid

evaluation method. Such bid evaluation method shall be

objectively stated, applicable to all Replacement or

Prearranged Shippers and not unduly discriminatory, shall

enable Pipeline to rank the bids received by utilizing the

weight assigned by the Releasing Shipper to each element of

the Releasing Shipper's Notice, and shall include Releasing

Shipper's tie-breaking methodology if other than first-

bidder-in-time;


 

(l) whether contingent bids will be accepted and if so, for what

time period each contingent bidder will be allowed to

eliminate the contingency; and, if not eliminated, all

details concerning the evaluation of other bids, including

the time period when the next highest bidder will be

obligated to acquire the capacity;


 

(m) expiration of Matching Period if other than as specified in

GT&Cs Section 11.3; Releasing Shipper shall not be allowed

to specify an extension of the original Bid Period or the

Prearranged deal Matching Period without posting a new

release;


 

(n) The Primary Delivery Point(s) associated with the release,

the firm capacity to which cannot exceed one hundred percent

(100%) of the Releasing Shipper's MDTQ; and


 

(o) any additional terms and conditions of releases that are

objective and non-discriminatory.