MarkWest Pioneer, L.L.C.
Original Volume No. 1
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Effective Date: 04/01/2009, Docket: RP09-321-000, Status: Effective
Original Sheet No. 87 Original Sheet No. 87
GENERAL TERMS AND CONDITIONS
(Continued)
b) For biddable releases (one year or more)
The timeline is the same as biddable releases for less than
one year except that the Releasing Shipper shall post the
Shipper Notice on the Website by 12:00 pm CCT four (4)
Business Days before award for long-term release. Open
season ends no later than 1:00 pm Central Clock Time on the
Business Day before timely nominations are due (open season
is three (3) Business Days).
22.4.3. For the capacity release business process timing model in this
section, only the following methodologies are supported by
Transporter and provided to Releasing Shippers as choices from which
they may select and, once chosen, should be used in determining the
awards from the bid(s) submitted. They are: 1) highest rate, 2)
net revenue, and 3) present value. Other choices of bid evaluation
methodology (including other releasing shipper defined evaluation
methodologies) can be accorded similar timeline evaluation treatment
at the discretion of Transporter. However, Transporter is not
required to offer other choices or similar timeline treatment for
other choices, nor is Transporter held to the timeline should the
releasing shipper elect another method of evaluation.
22.4.4. All bids must be expressed in dollars and cents or percents of
maximum rate, whichever is stated in the Shipper Notice, include the
required bid information and must be received and posted
electronically through the Website. Bids shall be posted on the
Website with any contingencies identified and with the bidder’s
identity deleted.
22.4.5. A bidder may submit only one bid at a time in response to a Shipper
Notice. A bidder may withdraw its bid through the Website at any
time prior to the close of the posting period specified in the
Shipper Notice without prejudice to its submitting another bid with
an economic value equal to or greater than the economic value of the
withdrawn bid.