Dauphin Island Gathering Partners

Original Volume No. 1

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Effective Date: 12/23/1997, Docket: RP98- 17-000, Status: Effective

Substitute Original Sheet No. 183 Substitute Original Sheet No. 183 : Effective

Superseding: Original Sheet No. 183

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, it will

choose the bid, or combination of bids, which represents

the largest present value of the product of capacity and

rate contained in each bid; provided, however, that

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, not

to exceed five (5) years, 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(s) 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.

 

18.6 Refund of Prepayment:

 

Transporter shall refund to all parties whose bids were

either rejected by Transporter or superseded by Shipper's

election to match the best bid(s) the entire amount of the

required prepayment within thirty (30) days of the earlier

of (a) Transporter's rejection of their bid(s) pursuant to

Section 18.3 or (b) Transporter's receipt of Shipper's

notice of its election pursuant to Subsection 18.5(a).