American Midstream (AlaTenn), LLC
Fifth Revised Volume No. 1
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Effective Date: 05/01/2010, Docket: RP10-493-000, Status: Effective
Original Sheet No. 140 Original Sheet No. 140
GENERAL TERMS AND CONDITIONS (continued)
(c) Present Value Method: If the Present Value ("PV") Method is specified in the
in the event of a firm contract nearing expiration, Transporter shall determine the
bid or bids
highest PV based on the following formula:
PV = (Bid Rate) x (Bid MDQ) x 1-(1/((1+i) ))
Bid Rate = the reservation charge which the Bidder has agreed to pay; for
volumetric bids the
calculated by multiplying the bid rate by 30.4167.
Bid MDQ = the MDQ stated in the Bid.
i = Interest rate per Month, which shall be the interest rate as calculated
under 18 C.F. R. ?
N = the lesser of (i) the term proposed by the Bidder or (ii) 120 Months.
(d) If a Release Request includes a Prearranged Replacement Shipper, then the
transportation rights shall be awarded to the Prearranged Replacement Shipper
(a) if its bid
equal to or is higher than the bid with the highest value under the bid evaluation
by the Releasing Shipper as provided herein or, if no such standard is specified, is
equal to or is
than the bid with the highest NR of the bids submitted by all other Bidders in
accordance with the
method herein, or (b) if the Prearranged Replacement Shipper exercises its Right
agrees to match any bid having a higher value, as applicable, within the time