Enbridge Pipelines (Midla) Inc.

Fourth Revised Volume No. 1

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Effective Date: 06/01/2002, Docket: RP00-400-001, Status: Pending

First Revised Sheet No. 114 First Revised Sheet No. 114 : Pending

Superseding: Original Sheet No. 114

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withdrawn, such Potential Customer may only submit a new bid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than the withdrawn bid.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

 

(f) 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.

 

(g) 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.