Young Gas Storage Company, Ltd.

Original Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-921-000, Status: Effective

Fifth Revised Sheet No. 84 Fifth Revised Sheet No. 84

Superseding: Fourth Revised Sheet No. 84

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9.12(d)(Continued)

 

(ii) Highest Rate. Releasing Shipper may elect to have bids

evaluated on the basis of the highest Reservation Rates

bid;

 

(iii) Net Revenue. Releasing Shipper may elect to have bids

evaluated on the basis of the total Reservation

Rates-based revenues received over the term of the

release;

 

(iv) Releasing Shipper's Criteria. Releasing Shipper may at

the time of posting of the notice of release specify

how bids are to be evaluated to determine which offer

is the best. The criteria must be objectively stated,

applicable to all potential bidders, and

nondiscriminatory. It can contain provisions that allow

for weighting of factors such as quantity, term, and

rate; however, Transporter will not accept first bidder

meeting minimum acceptable terms of the release as a

valid bid evaluation methodology. If bid evaluation

criteria is provided by the Releasing Shipper and

varies from Section 9.7(k) hereof, Transporter is not

obligated to comply with the NAESB Timeline as

specified in Section 9.5(c), hereof, but will evaluate

the bids promptly, in conformance with the timeline in

Section 9.5(b), hereof.

 

(e) If bid evaluation criteria are provided by Releasing Shipper,

Transporter shall, for each bid received, calculate the total

value of all the bids received at the end of the open season

based on the nondiscriminatory criteria provided by Releasing

Shipper. The results of this calculation shall determine each

bid's actual total value. The bids will then be ranked by

Transporter in order from the highest to the lowest total

value.