Destin Pipeline Company, L.L.C.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 09/01/1998, Docket: CP96-655-003, Status: Effective
Original Sheet No. 119 Original Sheet No. 119 : Effective
GENERAL TERMS AND CONDITIONS
Section 18.6(h) (continued)
revenues generated by the aggregated bids, according to the
best bid criteria, will then be compared to the full-volume
bid generating the most revenues to determine whether the
full-volume bid or the aggregated bids generate the most
revenues and is the best bid.
In its Offer the RELEASING SHIPPER may specify the COMPANY's
best bid criteria set forth above or one of the following
(1) Highest rate;
(2) Rate times volume (regardless of term);
(3) Net Value (price times volume times term); or
(4) Present Value.
If the best bid does not utilize all of the capacity being
offered for release and the RELEASING SHIPPER provided in its
Offer that it would accept multiple qualifying bids, then
COMPANY will award the capacity in the order of best bids
until it has awarded all of the offered capacity possible.
(i) Tie Breaker: If there is a tie for the best bid, and there is
no Prearranged Bidder who has agreed to match the best bid,
the winning bid shall be determined by applying the tie
breaker stipulated in the RELEASING SHIPPER's Offer. The
RELEASING SHIPPER may specify one of the following tie
breakers. If the RELEASING SHIPPER fails to specify a tie
breaker, COMPANY shall apply the following tie breakers in
the order shown, if necessary: