Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-320-000, Status: Effective

First Revised Sheet No. 184 First Revised Sheet No. 184

Superseding: Original Sheet No. 184

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(f) 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 Bids may be withdrawn before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.

 

(g) Where higher bids are received for capacity that Releasor

proposes to release under a prepackaged arrangement that is subject to

competitive bidding (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 and shall exercise its right to match the highest competing bid

in accordance with the Capacity Release timeline under Section 14(c) above.

For transactions one (1) year or less in length that will take effect on or

before one (1) year from the date Transporter is notified of the release, 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).