Canyon Creek Compression Company

Third Revised Volume No. 1

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Effective Date: 05/01/1997, Docket: RP97- 66-002, Status: Effective

Second Revised Sheet No. 153 Second Revised Sheet No. 153 : Effective

Superseding: First Revised Sheet No. 153

GENERAL TERMS AND CONDITIONS

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(2) Each gross monthly revenue figure shall be

discounted to a net present value figure as of the first day of the

capacity release as sought in the Capacity Release Request, using

the current Federal Energy Regulatory Commission interest rate as

defined in 18 C.F.R. Section 154.67(c)(2)(iii)(A).

 

(3) The net present value figures for the proposed

release shall be summed, and such sum shall be the Bid Value.

 

(4) The Unit Bid Value is defined to equal the Bid

Value divided by the product of: (i) the highest volume of capacity

(in Dth) sought in the Qualified Bid for any day; multiplied by (ii)

the release term (in months) in the Capacity Release Request; and

multiplied further by (iii) thirty and four-tenths (30.4).

 

(c) The combination of Qualified Bid(s) with the

highest possible total Bid Value (Winning Bid Value) for the

capacity in the Capacity Release Request shall be the winning

Qualified Bid(s). A Qualified Bid may be allocated less than its

Maximum Bid Volume, but in no event shall the Qualified Bid be

allocated less than its Minimum Bid Volume. It is recognized that

this procedure is intended to result in the highest possible total

Bid Value for the Releasing Shipper consistent with the Qualified

Bids, and it is possible that a Qualified Bid with the highest

individual Unit Bid Value may be rejected partially or in its

entirety.

 

(d) If there is more than one combination of Qualified

Bids with a total Bid Value equal to the Winning Bid Value this

Section 16.10(d) provides the procedure for selecting just one such

combination, and thereby the winning Qualified Bid(s).

 

Subject to the provisions in Sections 16.10(d)(1),

(2) and (3) below, the selection of winning Qualified Bid(s) among

Qualified Bids (or combinations thereof) of equal Bid Value is based

on the following order of preference: (i) pro rata, if possible;

(ii) preference for a Qualified Bid with the highest Maximum Bid

Volume; (iii) preference for a Qualified Bid with the lowest Minimum

Bid Volume; and (iv) first come, first served.