Clear Creek Storage Company, LLC

Original Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-402-001, Status: Effective

Substitute First Revised Sheet No. 41B Substitute First Revised Sheet No. 41B : Effective

Superseding: Original Sheet No. 41B

GENERAL TERMS AND CONDITIONS

(Continued)

 

(1) Capacity for which multiple bids are received

shall be awarded based upon the highest economic value

unless stipulated otherwise by the Releasing Customer. The

economic value shall be determined on the basis of the

product of the term of service in years in the request,

using a term not to exceed 20 years; or Months in the case

of releases for a term less than one year, and the

reservation charges for each year, or Month, in the life of

the Agreement agreed to in the request by the potential

Replacement Customer, discounted to present value by the

then-current interest rate determined in accordance with

Section 154.501(d)(1) of the Commission's Regulations. The

sum of the present value for each year, or Months, in the

life of the Agreement shall be the economic value of the

Agreement.

 

(2) The highest ranking bidder will receive the

entire maximum amount of capacity bid by Customer. If two or

more bids, with equal economic value, are received, the

capacity shall be awarded according to the criteria

specified by the Releasing Customer. If no method for

awarding bids of equal economic value is specified, the