Dauphin Island Gathering Partners
First Revised Volume No. 1
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Effective Date: 02/09/2003, Docket: RP03-233-000, Status: Effective
First Revised Sheet No. 203 First Revised Sheet No. 203 : Effective
Superseding: Original Sheet No. 203
posting period. Each bid shall contain the term for which the
capacity is sought and the percentage of the Maximum Rate
applicable to Rate Schedule FT-1 (MP) or FT-1 (DI) which the
bidder is willing to pay for the capacity, not to exceed 100% of
the Maximum Rate.
18.3 Selection of Best Bid:
If Transporter receives one or more bids for the capacity, and it
does not reject all bids as provided below, the bid, or
combination of bids, which represents the largest present value of
the product of capacity and rate contained in each bid will be the
"best bid". Transporter reserves the right to reject any bid
which is for less than 100% of the Maximum Rate applicable to Rate
Schedule FT-1 (MP) or FT-1 (DI).
18.4 Existing Shipper's Review:
Transporter will notify the party(ies) who submitted the best
bid(s) that their best bid(s) is subject to the existing Shipper's
review and post notice of the best bid(s) on its EBB. Transporter
will notify the existing Shipper of the best bid(s) received, and
such Shipper shall have the time period specified in the above
schedule (under the column labeled "Existing Shipper's Review
Period") within which it must match the rate and contract term
offered in the best bid(s) in order to retain its firm capacity.
18.5 Continued/New Service:
(a) If Shipper elects to match the best bid, Transporter and
Shipper will enter into a new Transportation Service
Agreement reflecting the terms of the best bid(s).
Transporter will notify the party(ies) who submitted the
best bid(s) that Shipper has elected to match the best
bid(s) and will post notice of such on its EBB.
(b) If Shipper elects not to match the best bid(s), Shipper's
existing Transportation Service Agreement will be subject to
pregranted abandonment upon its effective termination date
and Transporter will enter into a new Transportation Service
Agreement(s) of even date with the party or parties offering
the best bid(s) which shall reflect the conditions of the
best bid(s). Transporter will post notice of Shipper's
election not to match the best bid(s) on its EBB.