Sabine Pipe Line Company LLC

Second Revised Volume No. 1

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Effective Date: 08/01/1998, Docket: RP98-265-000, Status: Effective

Second Revised Sheet No. 265 Second Revised Sheet No. 265 : Superseded

Superseding: First Revised Sheet No. 265

 

10.9 Determination of Best Bid

 

At the close of the bid period, Sabine will review each

bid to determine whether a bid will be deemed eligible

for consideration as the best bid. Any bid deemed

ineligible shall be eliminated from consideration.

Bids will be deemed ineligible if:

 

a) Bidder has not prequalified in accordance

with Subsection 10.13.

 

b) Bidder has not submitted its bid prior to the

deadline posted by Sabine on its Internet web site

(web site).

 

c) The Bid for Released Capacity does not meet

the minimum criteria established in the Releasing

Shipper's Offer.

 

As specified in the Releasing Shipper's Offer, each bid

deemed eligible for consideration will be evaluated

using one of the following methods: highest rate, net

revenue, or present value. If the Releasing Shipper

elects to accept volumetric bids, the Releasing Shipper

must have also specified the method to rank competing

volumetric and reservation charge bids.

 

Sabine will evaluate and rank all bids and will award

bids, best bid first, until all offered capacity is

awarded. Each bid shall be subject to the rights of a

Prearranged Bidder to match the bid in accordance with

Subsection 10.11.

 

If no bids meet the minimum requirements of the

Releasing Shipper's Offer, Sabine shall calculate the

best bid pursuant to this section or the criteria set

forth in the Releasing Shipper's Offer and make the

best bid available to the Releasing Shipper, who will

have the option to refuse or accept such bid.

 

If there is a tie for the best bid, and there is no

Prearranged Bidder who has agreed to match the best