Cameron Interstate Pipeline, LLC
Original Volume No. 1
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Effective Date: 11/01/2008, Docket: RP08-647-000, Status: Effective
Original Sheet No. 113 Original Sheet No. 113
GENERAL TERMS AND CONDITIONS
(continued)
(c) Any Replacement Shipper may make an upward revision to
or withdraw its bid during the Bid Period through the
Pipeline's Internet Web Site; provided, however,
Pipeline will allow any Prearranged Shipper to match, in
accordance with GT&Cs Section 11.3(a)(2), the Best Bid
after the close of the Bid Period; provided, further, if
Replacement Shipper submits more than one bid for the
same capacity, the lower bid will automatically expire.
Replacement Shipper or its affiliate shall not have the
opportunity to use its ability to withdraw its bid in
order to submit a lower bid.
(d) The Best Bid shall be (1) determined in accordance with
the bid evaluation method specified by the Shipper
pursuant to GT&Cs Sections 11.2(j) and 11.2(k); or (2)
in the event the Releasing Shipper elects not to submit
a bid evaluation method, the Best Bid shall be the bid
which generates the highest present value. Present value
shall be determined based on a 10% discount rate.
Pipeline shall reject any bid which does not match the
other minimum specifications set forth in the Releasing
Shipper's Notice. In the event both a contingent bid
and a non-contingent bid generate the same present
value, Pipeline shall reject the contingent bid. If
multiple bids meet the minimum conditions stated in the
Releasing Shipper's Notice, Pipeline shall award the
capacity, best bid first, until all offered capacity has
been awarded.