Nautilus Pipeline Company, LLC
Original Volume No. 1
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Effective Date: 04/05/2010, Docket: RP10-475-000, Status: Effective
Second Revised Sheet No. 183 Second Revised Sheet No. 183
Superseding: First Revised Sheet No. 183
GENERAL TERMS AND CONDITIONS
22. SHIPPERS' RELEASE OF FIRM CAPACITY con't
(11) Whether bids may be submitted that are contingent on
(i) the award of downstream capacity on another
pipeline system, (ii) the success or failure of
another bid for capacity on Transporter's Pipeline
Facilities in the same offer/bid cycle, or (iii) any
other type of contingency specified in the offer; the
deadline for the removal of any contingency is subject
to the provisions of Section 22.11.
(12) Selection of one of the following economic criteria to
be utilized by Transporter in determining the "best
bid": (i) highest rate, (ii) net revenue, or (iii)
present value. If the Shipper does not specify one of
the above criteria, Transporter shall use the
following criteria in determining the "best bid":
(a) net revenue for bids with a term of one Month or
(b) present value for all other bids.
(13) A nondiscriminatory tie breaker to be utilized in
determining the "best bid."
(14) If the offer is for a Temporary Release, whether the
winning bidder has to submit a prepayment and, if so,
what prepayment is required.