Enbridge Pipelines (AlaTenn) Inc.

Third Revised Volume No. 1

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Effective Date: 10/01/2001, Docket: GT01- 31-000, Status: Effective

Original Sheet No. 137 Original Sheet No. 137 : Effective

 

GENERAL TERMS AND CONDITIONS (continued)

 

 

 

3.13 Determination of Successful Bidder

 

Transporter shall determine the successful Bidder in accordance

with the following procedures:

 

(a) Bid evaluation methodologies: The Releasing Shipper shall

specify in the Release Request one of the following bid

evaluation methodologies: (i) highest rate, (ii) maximum net

revenue, or (iii) highest present value. A Release Request

may specify a different bid evaluation methodology, but such

alternate methodology may, delay the award of the capacity.

If Releasing Shipper fails to specify a bid evaluation

methodology, then Transporter will use the maximum net

revenue methodology to evaluate any bids received and

accepted which meet Releasing Shipper's minimum requirements

specified in the Release Request.

 

(b) Net revenue method: If the net revenue ("NR") method is

chosen, Transporter shall determine the bid or bids having

the highest NR using the following formula:

 

NR = (Bid Rate) X (Bid Term) X (Bid MDQ)

 

where

 

Bid Rate = the reservation charge which Bidder

has agreed to pay; for volumetric bids the rate

is calculated by multiplying the bid rate by

30.4167 (average days per month in a 365 day

year).

 

Bid Term = the term proposed by the bidder, in

months.

 

Bid MDQ = the MDQ stated in the Bid.