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withdrawn, such Potential Customer may only submit a new bid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than the withdrawn bid.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