Cimarron River Pipeline, LLC

Original Volume No. 1

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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective

Original Sheet No. 293 Original Sheet No. 293

 

GENERAL TERMS AND CONDITIONS

 

18.3 Bidding Procedure & Conditions:

 

Each bidder for the firm capacity, or any part thereof, must submit its bid

to Transporter in writing (with the appropriate written service request

submitted to Transporter under separate cover) within the posting period.

Each bid shall contain the term for which the capacity is sought and the

percentage of the Maximum Rate applicable to Rate Schedule FT which the

bidder is willing to pay for the capacity, not to exceed 100% of the Maximum

Rate.

 

18.4 Selection of Best Bid:

 

If Transporter receives one or more bids for the capacity, and it does not

reject all bids as provided below, the bid, or combination of bids, which

represents the largest present value of the product of capacity and rate

contained in each bid will be the "best bid." Transporter reserves the

right to reject any bid that is for less than 100% of the Maximum Rate

applicable to Rate Schedule FT.

 

18.5 Existing Shipper's Review:

 

Transporter will notify the party(ies) who submitted the best bid(s) that

their best bid(s) is subject to the existing Shipper's review, and

Transporter will post notice of the best bid(s) on its Internet Website.

Transporter will notify the existing Shipper of the best bid(s) received,

and the existing Shipper shall have the applicable period under the table in

Section 18.2 above (under the "Existing Shipper's Review Period, Days"

column) within which it must match the rate and contract term offered in the

best bid(s) to retain its firm capacity.

 

18.6 Continued/New Service:

 

(a) If the existing Shipper elects to match the best bid, Transporter

and Shipper will enter into a new FT TSA reflecting the terms of the best

bid(s). Transporter will notify the party(ies) who submitted the best

bid(s) that the existing Shipper has elected to match the best bid(s), and

Transporter will also post a notice of this election on its Internet

Website.

 

(b) If Shipper elects not to match the best bid(s), Shipper's

existing FT TSA will be subject to pregranted abandonment upon its effective

termination date, and Transporter may enter into a new FT TSA(s) as of that

date with the party or parties offering the best bid(s), which shall reflect

the conditions of the best bid(s). Transporter will also post a notice of

Shipper's election not to match the best bid(s) on its Internet Website.