Midwest Gas Storage, Inc.
First Revised Volume No. 1
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Effective Date: 05/15/1994, Docket: CP90-454-004, Status: Effective
Original Sheet No. 108 Original Sheet No. 108 : Effective
season will commence fifteen (15) business
days to allow the Prearranged Replacement
Shipper one (1) business day to match bids.
(iii) For releases more than one year, an open-
season of twenty (20) business days,
commencing at least twenty-three (23)
business days prior to the effective date
of the release. If a Prearranged
Replacement Shipper is involved, the open-
season will commence twenty-five (25)
business days to allow the Prearranged
Replacement Shipper one (1) business day to
match bids.
(iv) Transporter may extend the open-season
periods for those releases where the
Releasing Shipper has requested a method of
evaluating bids not specified in this
Tariff, or where the terms and conditions
are too complex to handle through
Transporter's automated posting and bidding
procedures. Such extended period of time
shall end at least two (2) business days
prior to the effective date of the release.
(d) Evaluation and Selection of Bids:
(i) Bids will be evaluated by the criteria
provided by the Releasing Shipper. If no
criteria are provided by the Releasing
Shipper, bids will be evaluated according
to the net present value of the bid price
and term, based on a discount rate
equivalent to a fifteen percent (15%) pre-
tax rate of return for Midwest, as may be
amended and posted on Midwest's EBB from
time to time.
(ii) Within 1 business day after the expiration
of the open-season, the Midwest will select