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

Second Revised Sheet No. 170 Second Revised Sheet No. 170

Superseding: First Revised Sheet No. 170

 

GENERAL TERMS AND CONDITIONS

 

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EXAMPLE (7) Assume:

 

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

 

Qualified Bids (which were all received through the Interactive Internet

Website):

 

Maximum Bid Unit Bid Minimum

Volume Term Value Bid Volume

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

Bid (a) 50,000/Day 5 Years $.18 50,000

Bid (b) 50,000/Day 5 Years $.18 50,000

Bid (c) 50,000/Day 5 Years $.18 50,000

 

Winning Qualified Bids: The two Qualified Bids shown as received

earliest by Stingray's Interactive Internet Website shall each receive

their Maximum Bid Volume.

 

Explanation: Clearly, any two Bids in combination have the same Winning

Bid Value. Since the Bids are completely inflexible and have equivalent

Maximum Bid Volumes and equivalent Minimum Bid Volumes, only Section

16.10(d)(3)(C) can be used to break the tie. The tie breaker looks to

the Qualified Bid(s) shown as received earliest on Stingray's

Interactive Internet Website.

 

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(e) In no event shall this Section 16.10 result in winning

Qualified Bids with a total volume in excess of the

capacity specified in the Capacity Release Request.

 

(f) The bid evaluation procedure set forth in this Section

16.10 shall only consider Qualified Bids to the extent

they provide for an objectively quantifiable payment

by the Qualified Bidder. A Qualified Bid based on a

percentage of Stingray's reservation charge shall be

evaluated by Stingray based solely on the maximum

reservation charge being charged by Stingray for such

service as of the end of the open season.