Garden Banks Gas Pipeline, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 05/01/2000, Docket: RP00-272-000, Status: Effective

Third Revised Sheet No. 119 Third Revised Sheet No. 119 : Effective

Superseding: Second Revised Sheet No. 119

GENERAL TERMS AND CONDITIONS

 

19.6 Offer and Bid Procedures

 

19.6(j) Tie Breaker (cont'd):

 

tie breakers or a different tie breaker so long as

it is objective, nondiscriminatory and can be

applied by Transporter. If the RELEASING SHIPPER

fails to specify a tie breaker, Transporter shall

award the bids, best bid first until all offered

capacity is awarded, by applying the following tie

breakers in the order shown, if necessary:

 

(1) the bid generating the greatest present value

of revenues over the shortest term;

 

(2) the bid submitted first in time as

established by the Transporter's electronic

date and time stamp.

 

(k) Notification: Upon completion of the best bid

determination, the party submitting the best bid,

i.e. the ACQUIRING SHIPPER shall be notified by

Transporter through its Interactive Internet

Website and in writing. Transporter shall further

notify all bidders through its Internet Web Site

and in writing that a best bid has been accepted.

Transporter shall provide the ACQUIRING SHIPPER an

Addendum to its applicable Temporary Release

Agreement which reflects the terms of the

ACQUIRING SHIPPER's winning bid through its

Internet Web Site and in writing. Transporter

shall post on its Internet Web Site the details of

the winning bid and the ACQUIRING SHIPPER's name

by 5:00 p.m CCT prior to the day before gas flow.

Such notice shall stay on the Internet Web Site

for at least thirty (30) days.

 

(l) If no bids are submitted by the required

deadline pursuant to Section 19.9, the

RELEASING SHIPPER's Offer shall be removed

from Transporter's Interactive Internet

Website and the RELEASING SHIPPER notified

that no bids were received.