Southern LNG Inc.
Original Volume No. 1
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Effective Date: 12/01/2001, Docket: CP99-582-004, Status: Effective
Original Sheet No. 92 Original Sheet No. 92 : Effective
GENERAL TERMS AND CONDITIONS
The best bid shall be subject to the rights of a Prearranged Bidder to match the bid
in accordance with Section 16.6(d) above. If two or more bids are equivalent, then
they will be subject to the outcome of the tie-breaker stipulated in the Releasing
Customer's Offer as explained in Section 16.6(i) below.
In its Offer the Releasing Customer may specify any best bid criteria and tie breaker
that comply with Sections 16.6(c)(13) and (14) above. However, if the Releasing
Customer chooses (i) Southern LNG's best bid criteria set forth above or (ii) one of
the following pre-programmed criteria, and one of the tie breakers listed in
Section 16.6(i) below, then the Offer will be eligible for the accelerated schedules
set forth in the timetables in Appendix D to the GT&C:
(1) Highest rate;
(2) Price times volume (regardless of term);
(3) Price times volume times term (net revenue); or
(4) Present value
If the best bid does not utilize all of the capacity being offered for release and the
Releasing Customer provided in its Offer that it would accept multiple qualifying
bids, then Southern LNG will award the capacity in the order of best bids until it has
awarded all of the offered capacity.
(i) Tie Breaker:
If two or more bids tie, and no Prearranged Bidder has agreed to match the best bid,
then the winning bid shall be determined by applying the tie breaker stipulated in the
Releasing Customer's Offer. The Releasing Customer may specify one of the following
tie-breakers or a different tie-breaker that is objective, nondiscriminatory, and can
be applied by Southern LNG.