Rendezvous Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 02/08/2007, Docket: RP07- 6-000, Status: Effective

Original Sheet No. 52 Original Sheet No. 52 : Pending

 

 

19.6 Awarding of Released Capacity. Transporter shall

determine the winning bid.

 

(a) Unless Releasing Shipper specifies otherwise, bids

will be evaluated based on the Economic Value of

the reservation charges bid by each Bidder.

 

(b) If a Release Request includes a Prearranged

Bidder, then the release will be awarded to the

Prearranged Bidder if its bid has an Economic

Value that is equal to or higher than the highest

Economic Value of each of the bids submitted by

all other Bidders, or if it matches the bid with

the highest Economic Value within the time period

provided by Section 19.7.

 

(c) If only one Bidder has submitted a bid which

reflects the highest Economic Value, then the

capacity will be awarded to that Bidder, subject

to any Prearranged Bidder's exercise of its right

to match as set forth in 19.6(b).

 

(d) If two or more Bidders have submitted bids which

each reflect the highest Economic Value, then,

subject to any Prearranged Bidder's exercise of

its right to match as set forth in 19.6(b), the

capacity will be awarded on the basis of a lottery

which is limited to such Bidders. Transporter

will conduct the lottery using a computerized

random number generator unless the releasing

Shipper specifies another non-discriminatory

method for determining the winning bid.

Transporter's lottery or calculation of the

applied method will result in the award of

released capacity to only one (1) successful

Bidder per Release Request.