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
(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