Mogas Pipeline LLC (Fomerly Missouri Interstate Gas)

First Revised Volume No. 1

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Effective Date: 01/26/2009, Docket: RP09-185-001, Status: Effective

Second Revised Sheet No. 61 Second Revised Sheet No. 61

Superseding: First Revised Sheet No. 61

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

6. Procedures for requesting service (continued)

 

4. Minimum capacity or minimum percentage of the total posted

capacity which bidder is willing to accept;

 

5. Contingencies, if any.

 

(b) Bid amounts. All bids must be submitted in amounts which a

bidder agrees to pay to Transporter for the right to receive firm service,

including undiscounted reservation surcharges, if applicable. Such bids will

exclude Transporter's commodity charges and commodity surcharges applicable to

such service included in Transporter's rates, which rate components must be

paid to Transporter by the successful bidder in addition to the bid amounts.

Unless Transporter is willing to consider Negotiated Rate bids, the maximum

rates which may be bid will be the maximum tariff rates as they may vary from

time to time for the applicable service. The minimum rates which may be bid

will be the minimum tariff rates as they may vary from time to time for the

applicable service, or the minimum rates Transporter specifies on the posting,

which will never be less than the minimum tariff rates.

 

(c) Withdrawal of bid. A bidder may withdraw its bid at any time

prior to close of the bid period; provided, however, that if the bidder is a

pre-arranged Shipper, it may not withdraw its bid. A bidder that withdraws

its bid may not then submit another bid with a lower economic value for the

same capacity.

 

(d) Creditworthiness. All bidders must comply with Section 3 of

Rate Schedule FT. Bidders must submit a request for prequalification for

credit in order to expedite the award process. If, on or before the bid close

date, a bidder fails to pre-qualify for a credit limit equal to or greater

than the economic value of its bid, Transporter may disregard such bid and,

subject to Section 6, choose the bid with the next highest economic value

submitted by a creditworthy bidder.

 

6.9 Awarding

 

(a) As soon as reasonably practical, but no later than five (5)

business days following the bid close date, Transporter will evaluate the bids

received and determine the winning bid, subject (where applicable) to Section

6. Bids will be evaluated based on the net present value of the bid for all bid periods

of 72 hours or less. For bid periods longer than 72 hours, bids will be evaluated based

on either the net present value or the alternative criteria for determining economic value

that is specified by Transporter in its posting.