Kinder Morgan Louisiana Pipeline LLC

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective

Original Sheet No. 202 Original Sheet No. 202

 

GENERAL TERMS AND CONDITIONS

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EXAMPLE (3) - Awarding using the tie-breaker

 

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

 

Qualified Bids:

 

Maximum Bid Bid Minimum Time Bid

Volume Term Price Bid Volume Received

----------- ------- ------- ----------- --------

 

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.