Scg Pipeline Inc.
Original Volume No. 1
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Effective Date: 11/01/2003, Docket: RP03-611-000, Status: Effective
Original Sheet No.106 Original Sheet No.106 : Superseded
GENERAL TERMS AND CONDITIONS
(c) Any Replacement Shipper may make an upward revision to or withdraw its
bid during the Bid Period through the Pipeline's Internet Web Site; provided,
Pipeline will allow any Prearranged Shipper to match, in accordance with
Section 11.3(a)(2), the Best Bid after the close of the Bid Period; however,
if Replacement Shipper submits more than one bid for the same capacity, the
lower bid will automatically expire. Replacement Shipper or its affiliate
shall not have the opportunity to use its ability to withdraw its bid in order
to submit a lower bid.
(d) The Best Bid shall be (1) determined in accordance with the bid
evaluation method specified by the Shipper pursuant to Sections 11.2(j) and
11.2(k); or (2) in the event the Releasing Shipper elects not to submit a bid
evaluation method, the Best Bid shall be the bid which generates the highest
present value. Present value shall be determined based on a 10% discount rate.
Pipeline shall reject any bid which does not match the other minimum
specifications set forth in the Releasing Shipper's Notice. In the event both
a contingent bid and a non-contingent bid generate the same present value,
Pipeline shall reject the contingent bid. If multiple bids meet the minimum
conditions stated in the Releasing Shipper's Notice, Pipeline shall award the
capacity, best bid first, until all offered capacity has been awarded.