Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 202 Original Sheet No. 202 : Effective

 

GENERAL TERMS AND CONDITIONS

 

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.10 BID EVALUATION PROCEDURE (Contd.)

 

C. Capacity shall be awarded among the bids, Best Bid first

(highest Bid Value or other evaluation criteria as specified

by the Shipper in the Capacity Release Offer), until all

offered Capacity is awarded. The best qualified bid will be

awarded its Maximum Bid Volume and any subsequent bids will

be awarded up to their Maximum Bid Volume but no less than

their Minimum Bid Volume.

 

D. In the event ties exist among Qualified Bids, the Qualified

Bid submitted and received earliest by Transporter's

Interactive Website (or if Transporter's Interactive Website

is not available and the Qualified Bid is submitted in

writing, the time Transporter received the Qualified Bid)

shall be the winning bid.

 

E. The following are examples of how Subsections C and D are

applied:

 

Example (1) - Awarding by Best Bid

-----------

 

Assume: Capacity Release = 100,000/Day for 5 Years

 

Qualified Bids:

 

 

Maximum Bid Bid Minimum

Volume Term Price Bid Volume

----------- ------- -------- ----------

 

Bid (a) 40,000/Day 5 Years $0.18 0

Bid (b) 40,000/Day 5 Years $0.17 0

Bid (c) 40,000/Day 5 Years $0.15 0

 

 

Winning Qualified Bids: Bid (a) has the highest Bid Value and would

be awarded 40,000; Bid (b) has the next highest bid value and would

be awarded 40,000; Bid (c) would be awarded the remainder of the

Capacity (20,000).