Enbridge Pipelines (Midla) Inc.

Fourth Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

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withdrawn, such Potential Customer may only submit a new bid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than the withdrawn bid.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