Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 06/01/2000, Docket: RP00-271-000, Status: Effective

First Revised Sheet No. 134 First Revised Sheet No. 134 : Effective

Superseding: Original Sheet No.134

GENERAL TERMS AND CONDITIONS (cont'd)

 

19.6 Offer and Bid Procedures - (i) (cont'd)

 

The best bid as determined herein or pursuant to

the economic criteria contained in the RELEASING

SHIPPER'S Offer shall be subject to the rights, if

any, of a prearranged ACQUIRING SHIPPER to match

the bid in accordance with subsection 19.6(d). In

the event two or more bids are equivalent, they

will be subject to the outcome of the tie breaker

stipulated in the RELEASING SHIPPER's Offer as

explained in subsection 19.6(j).

 

(j) Tie Breaker: If there is a tie for the best bid,

and there is no prearranged ACQUIRING SHIPPER who

has agreed to match the best bid, the winning bid

shall be determined by applying the tie breaker

stipulated in the RELEASING SHIPPER's Offer. The

RELEASING SHIPPER may specify one of the following

tie breakers or a different tie breaker so long as

it is objective, nondiscriminatory and can be

applied by Transporter. If the RELEASING SHIPPER

fails to specify a tie breaker, Transporter shall

award the bids, best bid first until all offered

capacity is awarded, by applying the following tie

breakers in the order shown, if necessary:

 

(i) the bid generating the greatest present

value of revenues over the shortest term;

 

(ii) the bid submitted first in time as

established by the Transporter's electronic

date and time stamp.

 

(k) Notification: Upon completion of the best bid

determination, the party submitting the best bid,

i.e. the ACQUIRING SHIPPER shall be notified by

Transporter through its Interactive Internet

Website and in writing. Transporter shall further

notify all bidders through its Interactive

Internet Website and in writing that a best bid

has been accepted. Transporter shall provide the

ACQUIRING SHIPPER an Addendum to its applicable

Temporary Release Agreement which reflects the

terms of the ACQUIRING SHIPPER's winning bid

through its Interactive Internet Website and in

writing. Transporter shall post on its

Interactive Internet Website the details of the

winning bid and the ACQUIRING SHIPPER's name by

5:00 p.m. CCT prior to the day before gas flow.

Such notice shall stay on the Interactive Internet

Website for at least thirty (30) days.