Wyoming Interstate Company, Ltd.

Second Revised Volume No. 2

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Effective Date: 04/12/2010, Docket: RP10-491-000, Status: Effective

First Revised Sheet No. 64O First Revised Sheet No. 64O

Superseding: Substitute Original Sheet No. 64O

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

9. CAPACITY RELEASE (Continued)

 

9.11 Awarding of Released Capacity (Continued)

 

(d) Bid Evaluation Methods. All bids received will be evaluated

pursuant to one of the following methods:

 

(i) Present Value Calculation. Releasing Shipper may elect

to have all bids evaluated and ranked pursuant to a

Present Value Calculation, as follows:

 

1 - (1 + i)^-n

R x ----------- x V = present value

i

 

where: i = interest rate. Transporter's return on

equity in its currently effective rates

n = term of the release

R = the Reservation Rate bid

V = quantity stated in Dth

 

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

evaluated on the basis of the highest Reservation Rate

bid;

 

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

evaluated on the basis of the total Reservation

Rate-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. The criteria 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 are provided by the Releasing

Shipper, 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 specified in Section 9.5(b), hereof.