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. 53 Original Sheet No. 53 : Pending
(e) If the capacity to be awarded to the highest
Bidder would not result in awarding all of the
capacity to be released, then Transporter shall
award the remaining capacity based on the Economic
Value of each bid for each receipt and delivery
point combination, from highest Economic Value to
lowest Economic Value, with the process of
awarding capacity to Bidders continuing until all
of the capacity has been awarded or until all
valid bids have been accepted. Transporter shall
break ties and determine the winning bid(s) in
those situations by holding a lottery using a
computerized random number generator unless the
releasing Shipper specifies another non-
discriminatory method for determining the winning
bid.
(f) A Replacement Shipper must comply with Section 11
of the General Terms and Conditions of this
Tariff. A Bidder must submit a request for pre-
qualification for credit as a Shipper to
Transporter in order to expedite implementation of
capacity release service. For releases of less
than one (1) year, a Replacement Shipper may not
submit a bid where the Economic Value exceeds that
Shipper's established credit limit. For releases
of one (1) year or more, if a Replacement Shipper
submits a bid where the Economic Value exceeds
that Shipper's established credit limit, that
Shipper must provide sufficient documentation to
assure Transporter of that Shipper's ability to
pay for the service in excess of the established
credit limit within one (1) Day after notification
that Shipper's bid will be acceptable contingent
upon Shipper's demonstration of its ability to pay
to Transporter's satisfaction.
For releases of one (1) year or more, if
Replacement Shipper fails to so demonstrate, such
released service shall be awarded to the bidder
who is creditworthy and who submitted the bid with
the next highest Economic Value. If no additional
bids were submitted by creditworthy bidders, then
all bidders shall have one (1) week to demonstrate
creditworthiness to Transporter's satisfaction.
The service offered for release shall then be
awarded to the bidder who is creditworthy and who
submitted the bid with the highest Economic Value.
If no creditworthy bids are submitted, the
capacity release process shall terminate, but the
Releasing Shipper may elect to request a release
of the subject capacity at a later time.