Dominion Transmission, Inc.
Third Revised Volume No. 1
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Effective Date: 05/26/2010, Docket: RP10-643-000, Status: Effective
Third Revised Sheet No. 1149 Third Revised Sheet No. 1149
Superseding: Second Revised Sheet No. 1149
GENERAL TERMS AND CONDITIONS
iii. In the event that capacity recalled under Rate Schedules GSS or
GSS-E is reput during the Minimum Turnover Period, the Customer
reputting the capacity will again be queried regarding Minimum
Turnover requirement(s) as described above in this Section c.
G. Within the posted bid period, a bidder seeking capacity at terms that meet or exceed
the minimum terms of the release must post its complete bid on Pipeline's EBB.
1. Such completed bid shall serve as the executed "Bid Agreement," and if awarded by
Pipeline via its EBB, such electronically submitted bid shall constitute a
2. The name of the bidder will not be revealed on Pipeline's EBB unless the bidder
submits a winning bid.
23.3 Evaluating Bids.
A. Pipeline shall determine the "best bid," in accordance with the nondiscriminatory
criteria posted by Releasing Customer in the Release Notice; provided, however, that
Pipeline shall reject any bid which does not match any single minimum specification
of the posted notice. If there are multiple bids meeting minimum conditions,
Pipeline will award the bids, best bid first, until all offered capacity is awarded.
B. Evaluation Criteria. In its posted notice, Releasing Customer must specify one of
the following bid evaluation mechanisms:
1. NPV Method. The net present value of the bid quantity, multiplied by the bid
price, discounted over the bid term by the effective Commission interest
2. Net Revenue Method. The value of the bid quantity, multiplied by the bid
3. An alternate objective method chosen by Releasing Customer, and specified in
the posted notice. Such method must be objectively stated, applicable to all
bidders, and not unduly discriminatory. Such method must be stated with
sufficient specificity to enable Pipeline to reasonably determine and apply
the method or formula to be used, in order to rank all bids received,
utilizing the elements contained in the Bid Agreement. Such alternate method
shall not be subject to the timeline specified in Section 23.2.B., above;
Pipeline and Releasing Customer shall determine a mutually-agreeable
timeline, appropriate under the circumstances, prior to posting the notice of
such offer. The applicable timeline must be included in the posted notice.