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.