Crossroads Pipeline Company

First Revised Volume No. 1

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Effective Date: 11/01/2001, Docket: RP02- 14-000, Status: Effective

Original Sheet No. 153 Original Sheet No. 153 : Superseded

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(g) Bids are binding, other than contingent bids, until written or electronic notice of

withdrawal is received. Bids may be withdrawn before the close of the bidding period. Any bidder that

withdraws its bid for released capacity may not, within that same bidding period, submit a bid at a lower

rate for any portion of that same capacity. Transporter shall communicate an award made pursuant to a

contingency bid by 3:15 p.m. (C.T.) and the contingent bidder must respond by 4:00 p.m. (C.T.).

 

(h) Where higher bids are received for capacity that Releasor proposes to release under a

prepackaged arrangement that is subject to competitive bidding because the prearranged price is lower than

the maximum rate (including prepackaged arrangements for 31 days or less for which Releasor requests

competitive bidding), the Replacement Shipper designated by Releasor (designated Replacement Shipper) shall

be notified by Transporter by 3:00 p.m. (C.T.) on the day bidding closes of higher competing bids, and shall

have one hour to exercise its right to match the highest competing bid. For pre-packaged arrangements less

than one (1) year in length during the period between March 27, 2000 and September 30, 2002, a designated

Replacement Shipper shall be required to match the highest competing bid, including bids that may be

submitted in excess of the maximum rate. A Releasor shall not be able to specify an extension of the

original pre-arranged match period without posting a new release.

 

14.4 Evaluation of Bids and Assigning Service Rights.

 

(a) Transporter shall perform the evaluation of bids in accordance with the criteria specified in

the Release Notice and shall determine which, if any, bids to accept.

 

(b) In the absence of any such Releasor-developed alternative criteria to the contrary, as

specified in Releasor's Release Notice, bids shall be evaluated and rights to released capacity assigned by

Transporter in accordance with the bid evaluation criteria referenced at Section 14.1(c).

 

(c) Where Releasor has posted a prepackaged arrangement at less than the maximum rate (including

prepackaged arrangements for 31 days or less for which the Releasor requests competitive bidding), the

designated Replacement Shipper under that arrangement will be awarded the capacity if, within the time

limits specified in Section 14.3(h) immediately above, that designated Replacement Shipper matches the

competing bid(s) offering the highest economic value, as calculated in accordance with the bid evaluation

criteria set forth in Section 14.1(c) or in the Release Notice.

 

(d) Where highest bids of equal value are received for released capacity from more than one

bidder, not including a designated Replacement Shipper under a prepackaged arrangement, the capacity (i)

shall be assigned in accordance with any nondiscriminatory method for breaking ties established by Releasor

in the Release Notice, or (ii) shall, if Releasor does not establish a tie-breaking method, be assigned pro

rata on the basis of the respective quantities bid by the winning bidders. Bidders may specify in their

bids the minimum quantities they will accept. If a pro rata allocation would result in assignment of

quantities below a bidder's minimum quantity, any such bidder will not be assigned the capacity, and the

total quantity available for assignment will then be re-allocated among the remaining highest value bidders

on a pro rata basis.

 

(e) Transporter shall post on the EBB the winning bid and the identity of the winning bidder(s)

by 5:00 p.m. (C.T.) on the day the bid closes.