Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 07/15/2000, Docket: RP00-317-000, Status: Effective

First Revised Sheet No. 117 First Revised Sheet No. 117 : Effective

Superseding: Original Sheet No.117

 

GENERAL TERMS AND CONDITIONS (cont'd)

 

18.3 Selection of Best Bid(s)

 

If Transporter receives one or more bids for the

capacity, and it does not reject all bids as provided

below, it will choose the bid, or combination of bids,

which represent the largest present value of the

product of capacity and rate contained in each bid;

provided, however, that Transporter reserves the right

to reject any bid which is for less than 100% of the

maximum rate applicable to Rate Schedule FT-1 or above

the maximum rate, if applicable pursuant to Section

19.10.

 

18.4 Existing Shipper's Review

 

Transporter will notify the party(ies) who submitted

the best bid(s) that their best bid(s) is subject to

Existing Shipper's review and post notice of the best

bid(s) on its Internet Web Site. Transporter will

notify Existing Shipper of the best bid(s) received,

and Shipper shall have the time period specified in the

above schedule (Existing Shipper's Review Period)

within which it must match the rate and contract term,

not to exceed five (5) years, offered in the best

bid(s) in order to retain its firm capacity.

 

18.5 Continued/New Service

 

(a) If Shipper elects to match the best bid,

Transporter and Shipper will enter into a new

Transportation Service Agreement(s) reflecting the

terms of the best bid(s). Transporter will notify

the party(ies) who submitted the best bid(s) that

Shipper has elected to match the best bid(s) and

will post notice of such on its Internet Web Site.

 

(b) If Shipper elects not to match the best bid(s),

Shipper's existing Transportation Service

Agreement will be subject to pregranted

abandonment upon its effective termination date

and Transporter will enter into a new

Transportation Service Agreement(s) of even date

with the party or parties offering the best bid(s)

which shall reflect the conditions of the best

bid(s). Transporter will post notice of the above

on its Internet Web Site.