Discovery Gas Transmission LLC

Original Volume No. 1

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Effective Date: 02/01/2003, Docket: RP03-219-000, Status: Effective

Third Revised Sheet No. 169 Third Revised Sheet No. 169 : Effective

Superseding: Second Revised Sheet No. 169

 

 

which will be 8:00 a.m. Central Time forty-five (45) Days prior to

the deadline for nominating Transportation utilizing the capacity.

A potential Shipper must submit, along with its bid, a Prepayment

of Ten Thousand Dollars ($10,000). All bids will be binding on

the bidding party. Transporter will post the relevant terms of

all eligible bids, other than the bidder names, one (1) Business

Day after each bid is received by Transporter.

 

d. Determination of the Best Bid - Transporter will review all bids

for the posted capacity. The best bid will be the bid with the

longest term at the maximum rate. If there is a tie, the

potential Shipper submitting the earliest bid will be deemed to

have submitted the best bid. Transporter will consider, but will

not be required to accept, a bid that requests a rate that is less

than Transporter's maximum rate for the requested service.

Transporter will evaluate the bids based on the present value of

the revenue that would be generated by an FT-1 Service Agreement

at the rate and for the term bid by each potential Shipper using

the Commission's currently posted Interest Rate. In the event

that a bid is a Negotiated Rate, the evaluation process will only

consider the revenues generated by the reservation rate component

or other guaranteed revenue stream included in the bid, up to the

maximum, Commission- approved tariff rate. Bids at less than the

maximum tariff rate will be considered in the same manner as the

recourse rate for such service.