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. 166 First Revised Sheet No. 166

Superseding: Original Revised Sheet No. 166

 

GENERAL TERMS AND CONDITIONS

 

(6) Here are examples of the application of Section

16.10(d):

 

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EXAMPLE (1) Assume:

 

Capacity Release Request = 100,000/Day for 5 Years

 

Qualified Bids:

 

Maximum Bid Unit Bid Minimum

Volume Term Value Bid Volume

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

Bid (a) 20,000/Day 5 Years $.18 0

Bid (b) 10,000/Day 5 Years $.17 0

Bid (c) 85,000/Day 5 Years $.15 0

 

Winning Qualified Bids: There is only one combination of bids with the

highest possible total Bid Value (Winning Bid Value). Therefore, Bid

(a) receives its Maximum Bid Volume (20,000); Bid (b) receives its

Maximum Bid Volume (10,000); Bid (c) receives 70,000.

 

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EXAMPLE (2) The assumptions remain the same as in Example (1), except

that we assume that Bid (c) has a Minimum Bid Volume of

85,000.

 

Winning Qualified Bids: Again, there is only one combination of bids

with the Winning Bid Value. Therefore, Bid (c) receives its Maximum

Bid Volume (85,000) plus Bid (a) receives 15,000.

 

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EXAMPLE (3) The assumptions remain the same as in Example (1), except

that we assume that Bid (a) has a Minimum Bid Volume of

20,000 and Bid (c) has a Minimum Bid Volume of 85,000.

 

Winning Qualified Bids: Again, there is only one combination of bids

with the Winning Bid Value. Therefore, Bids (b) and (c) each receive

their Maximum Bid Volumes. This combination leaves 5,000

unallocated, which stays with the Releasing Shipper.

 

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