North Baja Pipeline, LLC

Original Volume No. 1

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Effective Date: 08/12/2002, Docket: RP02-363-000, Status: Effective

Original Sheet No. 119 Original Sheet No. 119 : Effective

 

GENERAL TERMS AND CONDITIONS OF SERVICE

(Continued)

 

9. OPEN SEASON PROCEDURES

 

9.1 Open Seasons for Existing Capacity

 

Capacity that becomes available on NBP's system will initially be

offered through an open season as set forth below.

 

(a) NBP will post available capacity for bidding on its Internet

website. The Bid Period will be a minimum of (one) 1

business day for capacity available for up to one (1) month;

a minimum of three (3) business days for capacity available

for greater than one (1) month but less than one (1) year;

and a minimum of five (5) business days for capacity

available for one (1) year or more.

 

(b) Any entity that qualifies for service in accordance with

Paragraph 11 of the General Terms and Conditions of Service

of this FERC Gas Tariff, including the credit conditions in

Paragraph 12, may submit a bid for posted capacity. All

bids not withdrawn prior to the close of the Bidding Period

shall be binding. At the end of the Bidding Period, NBP

will evaluate the bids and determine the bid(s) having the

greatest economic value as determined in Paragraph 9.1(d)

below.

 

(c) After the close of the Bidding Period, NBP may tender a

Service Agreement for execution to the requestor(s)

submitting the bid(s) having the greatest economic value for

the capacity available, subject to the provisions of

Paragraph 9.1(e).

 

(d) Valuation of Bids

 

Unless otherwise specified in its open season posting, the

bid(s) with the greatest economic value will be the bid(s)

with the highest net present value ("NPV") based on the

reservation charge and any proposed usage charge revenues

guaranteed by a minimum volume commitment or otherwise that

requestor(s) would pay at the rates the requestor(s) has

bid, over the term of service specified in the request.

 

 

(Continued)