Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

First Revised Sheet No. 163 First Revised Sheet No. 163

Superseding: Original Revised Sheet No. 163

 

GENERAL TERMS AND CONDITIONS

 

(d) If there is more than one combination of Qualified

Bids with a total Bid Value equal to the Winning Bid

Value this Section 16.10(d) provides the procedure for

selecting just one such combination, and thereby the

winning Qualified Bid(s).

 

Subject to the provisions in Sections 16.10(d)(1), (2)

and (3) below, the selection of winning Qualified

Bid(s) among Qualified Bids (or combinations thereof)

of equal Winning Bid Value is based on the following

order of preference: (i) pro rata, if possible; (ii)

preference for a Qualified Bid with the highest

Maximum Bid Volume; (iii) preference for a Qualified

Bid with the lowest Minimum Bid Volume; and (iv) first

come, first served.

 

The specific Qualified Bid selection procedure is as

follows:

 

(1) Identify the Winning Bid Value. If there is

only one Qualified Bid, or combination of

Qualified Bids, which create the Winning Bid

Value, such Qualified Bid(s) shall be awarded

the released capacity.

 

(2) In order to break ties, identify all Qualified

Bids which, alone or in combination with other

Qualified Bids, can create the Winning Bid

Value. Rank order these Qualified Bids in order

of their Unit Bid Value from highest to lowest.

Allocate the Capacity Release Request capacity

first to the Maximum Bid Volume of each

Qualified Bid with the highest Unit Bid Value;

allocate any remainder to the Maximum Bid Volume

of each Qualified Bid with the next highest Unit

Bid Value; and so forth. If, at any step, the

available Capacity Release Request capacity is

less than the combined Maximum Bid Volumes of

Qualified Bids with equal Unit Bid Values, then

the Capacity Release Request capacity shall be

allocated on a pro rata basis to each Qualified

Bid based on its Maximum Bid Volume. To the

extent such a pro rata allocation would result

in a capacity allocation to one or more

Qualified Bid(s)