Enbridge Pipelines (Midla) Inc.
Fourth Revised Volume No. 1
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Effective Date: 10/01/2001, Docket: GT01- 30-000, Status: Effective
Original Sheet No. 113 Original Sheet No. 113 : Effective
written or eletronic means. Telephone calls or other verbal
withdrawals shall not be permitted. Once a bid is
withdrawn, such Potential Customer may only submit a new bid
for the released capacity if such bid is at a higher rate
than the withdrawn bid. Bids received by Pipeline shall be
irrevocable and binding, pending acceptance by Pipeline,
upon the expiration of the Bid Period.
(d) Unless Releasing Customer designates a longer period in its
Customer's Notice, Potential Customers shall have three (3)
business days, exclusive of the day of posting, within which
to submit bids for the released capacity. Such bidding
period shall conclude at 2:00 P.M. on the day before
nominations are due.
(e) Upon expiration of the Bid Period and no later than 3:00
P.M. of the day before nomination are due, Pipeline shall
select the "best offer" from among the bids received, based
upon the criteria provided by the Releasing Customer in its
Customer's Notice. The criteria submitted by the Releasing
Customer must be objectively stated and must be applicable
to all Potential Customers on a non-discriminatory basis.
For the capacity release business process timing model, only
the following methodologies are required to be supported by
Pipeline and provided to Shipper as choices from which
Releasing Shipper may select and, once chosen should be used
in determining awards from the bid(s) submitted. They are:
1) highest rate, 2) net revenue, and 3) present value, Other
choices of bid evaluation methodology (including other
Releasing Shipper defined evaluation methodologies) can be
accorded similar timeline evaluation treatment at the
discretion of the Pipeline. However, Pipeline is not
required to offer other choices or similar timeline
treatment for other choices, nor, is Pipeline held to the
timeline should the Releasing Shipper elect another mothod
of evaluation.
(f) In the event Releasing Customer elects not to submit
criteria for Pipeline to utilize in determining the "best
offer," the "best offer" shall be the bid, as determined
solely by Pipeline, generating the highest net present
value, using a ten percent (10%) discount factor, based on
the rate bid (reservation component), the applicable
quantities, and the term or period bid upon. If two or more
bids are identical based on the "best offer" criteria
described above, the released capacity will be awarded to
the Potential Customer who submitted the "best offer" first
in time. Pipeline shall communicate match bids or award
bids by 3:00 P.M. on the day before nominations are due and
allow any Prearranged Customer to match the "best offer" by
4:00 P.M. of the day before nominations are due. If the
Prearranged Customer matches the "best offer," Pipeline
shall contract with such Prearranged Customer. If the
Prearranged Customer does not match the "best offer,"
Pipeline shall contract with the Potential Customer who