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

Capacity Release

 

 

 

 

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

binding contract.

 

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

rate.

 

2. Net Revenue Method. The value of the bid quantity, multiplied by the bid

price.

 

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.