Cheniere Creole Trail Pipeline, L.P.
Original Volume No. 1
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Effective Date: 04/28/2008, Docket: RP08-137-000, Status: Effective
Original Sheet No. 194 Original Sheet No. 194 : Pending
GENERAL TERMS AND CONDITIONS
5. Assessing Bids and Awarding Capacity for FTS.
Capacity shall be awarded to the bidder with the highest acceptable Net
Present Value bid offered to Transporter calculated in accordance with Section
22.B.6 below. Transporter may aggregate bids and award capacity to the bids
which, when aggregated yield the highest Net Present Value. If two or more
bidders, submit acceptable bids of equal value, as calculated in accordance
with this Section, any available capacity shall be awarded on a pro rata basis
to all bidders that submitted equivalent value bids. Transporter shall post
the winning bids on its Internet Website.
6. Net Present Value:
Net Present Value will be determined based on the discounted cash flow of
revenues to Transporter by the request(s) for service. In determining the
highest Net Present Value, Transporter will consider objective criteria only.
Such criteria may include, without limitation, the bid rate, the MDQ or MDTQ
requested, the term of service requested, the date on which the requested
service would commence and such other objective criteria available based on
the requests for service received by Transporter. The Net Present Value
discount factor used by Transporter will be the current Commission-approved
7. Right of First Refusal.
Any existing Shipper or Replacement Shipper with an FTS Service Agreement may
exercise its Right of First Refusal pursuant to Section 21 of the General
Terms and Conditions.
8. New Firm Service Agreements.
A new firm Service Agreement executed pursuant to this Section 22, will be
subject to pre-granted abandonment unless otherwise specified therein.