MidContinent Express Pipeline LLC

Original Volume No. 1

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Effective Date: 04/10/2009, Docket: RP09-136-000, Status: Effective

Original Sheet No. 215 Original Sheet No. 215

 

GENERAL TERMS AND CONDITIONS

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Example (2) - Awarding with Minimum Bid Volumes

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The assumptions remain the same as in Example 1, except that we

assume that Bid (c) has a minimum Bid Volume of 40,000.

 

Winning Qualified Bids: Bids (a) and (b) would be allocated their

maximum Bid Volume of 40,000 each. Bid (c) would not be awarded any

capacity since its Minimum Bid Volume is 40,000. 20,000 would remain

with the Releasing Shipper.

 

 

EXAMPLE (3) - Awarding using the tie-breaker

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Assume: Capacity Release = 100,000/Day for 5 Years

 

Qualified Bids:

 

Maximum Bid Bid Minimum Time Bid

Volume Term Price Bid Volume Received

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Bid (a) 60,000/Day 5 Years $.18 0 13:57:40

Bid (b) 50,000/Day 5 Years $.17 50,000 13:55:05

Bid (c) 35,000/Day 5 Years $.17 0 13:56:40

Bid (d) 35,000/Day 5 Years $.17 0 13:56:30

 

Winning Qualified Bid (a) receives 60,000 since it has the highest

Bid Value; Bid (b) receives 0 because of its Minimum Bid Volumes; Bid

(c) receives 5,000 because the bid was submitted after Bid (d); Bid

(d) receives 35,000.