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. 109 Original Sheet No. 109 : Effective

 

 

the "best bid" based on the bid which

generates the highest net present value.

 

(iii) In the event two or more bids with equal

economic values are received for combined

capacity in excess of the quantity set

forth in the release notice, and such bids

otherwise meet the conditions of the

release notice, if the Releasing Shipper

has not specified a tie-breaker in its

release notice, the released capacity will

be allocated on a first-come, first-served

basis.

 

(iv) Midwest will post the winning bid on its

electronic bulletin board within forty-

eight (48) hours after the close of

bidding. The winning bid will remain

posted for thirty (30) days.

 

(e) Award of Released Capacity

 

(i) Midwest shall contract with the Replacement

Shipper who submitted the best bid and who

otherwise satisfies the requirements of

this Tariff and also meets all of the

conditions of the release notice capacity.

In all cases, Replacement Shippers will be

subject to all requirements of this tariff.

 

(ii) Midwest shall not be required to contract

with parties submitting bids that do not

meet the conditions of the release notice;

however, subject to approval of Releasing

Shipper, Midwest may accept bids offering a

price or term less than that set forth in

the release notice.

 

(iii) Prior to the commencement of service

pursuant to any release request, the

Replacement Shipper shall submit to

Midwest, in accordance with Section 2.2 of

the General Terms and Conditions hereunder,

a check in an amount equal to the lesser of