Rendezvous Pipeline Company, L.L.C.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
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.