American Midstream (Midla), LLC
Sixth Revised Volume No. 1
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Effective Date: 05/01/2010, Docket: RP10-483-000, Status: Effective
Original Sheet No. 136 Original Sheet No. 136
the bona fide bids the "Best Bid," and shall forward the relevant terms of the "Best Bid" to
Customer whose long-term firm Service Agreement is being terminated by Pipeline. If
Customer elects to match the "Best Bid," the Customer shall be entitled to continue to
receive service under a long-term firm Service Agreement which reflects the matching
of the relevant terms of the "Best Bid." If Customer does not elect to match the "Best
Bid," Customer's existing long-term firm Service Agreement shall be terminated and
Pipeline shall be deemed to have all necessary abandonment authorization under the
NGA. A "Best Bid" shall be the bid which generates the highest net present value for the
time period of the release. If no Potential Customer offers the maximum rate for the full
term of the bid, the "Best Bid" shall be that bid which Pipeline determines, in its
reasonable discretion, is likely to maximize Pipeline's revenue earning potential. If more
than one Potential Customer submits the "Best Bid," the available capacity will be
awarded to the Potential Customer who submitted the "Best Bid" first in time.
(d) Upon notification from Pipeline of the relevant terms of the "Best Bid," Customer
shall have three (3) Business Days to notify Pipeline whether Customer is willing to
match the "Best Bid." Failure to notify Pipeline by written notice or through the EBB
system within three (3) Business Days after notification will result in a waiver of
Customer's right to match the "Best Bid." In order to match the "Best Bid," Customer
must agree to a rate equal to the