Cheyenne Plains Gas Pipeline Company, L.L.C.

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 07/26/2010, Docket: RP10-876-000, Status: Effective

First Revised Sheet No. 269A First Revised Sheet No. 269A

Superseding: Original Sheet No. 269A

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9. CAPACITY RELEASE PROGRAM (Continued)

9.11 Awarding of Released Capacity (Continued)

 

(c) If more than one bid is received that is equal to or exceeds

all the minimum terms and conditions specified in the Releasing

Shipper's notice, then the Replacement Shipper(s) shall be the

Bidding Shipper(s) who offer(s) the highest bid, based on the

bid evaluation methods as posted by the Releasing Shipper in

its notice of release. Transporter shall evaluate and rank all

bids submitted during the open season. If Bidding Shipper has

made a bid based on a contingency and such contingency has not

been removed by the date and time specified pursuant to the

Timelines as described in Section 9.5 hereof, such bid shall be

deemed withdrawn. If bids from two or more Bidding Shippers

result in bids of equal value, then the capacity shall be

awarded pursuant to Section 9.11(g) hereof.

 

 

(d) Bid Evaluation Methods. All bids received will be evaluated

pursuant to one of the following methods:

 

(i) Present Value Calculation. Releasing Shipper may elect to

have all bids evaluated and ranked pursuant to a Present

Value Calculation, as follows:

 

1 - (1 + i)^-n

R x ----------- x V = present value

i

 

where: i = interest rate per Month using the current

FERC interest rate defined in

Section 154.501(d)(1) of FERC's Regulations.

n = term of the release, in Months

R = the Reservation Charge(s) and Reservation

Surcharge(s) bid

V = volume stated in dth

 

(ii) Highest Rate. Releasing Shipper may elect to have bids

evaluated on the basis of the highest reservation rate

bid;

 

(iii) Net Revenue. Releasing Shipper may elect to have bids

evaluated on the basis of the total reservation rate-based

revenues received over the term of the release;