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. 118 Original Sheet No. 118 : Effective

 

 

no later than 1:00 p.m. on the following business day.

Unless Releasing Customer designates a longer period in its

Customer's Notice, Potential Customers shall have one (1)

hour (until 2:00 p.m.) within which to submit bids for the

released capacity.

 

(e) At 2:00 p.m., following the expiration of the Bid Period,

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

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 the awards form the

bid(s) submitted. They are: 1) highest rate, 2)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 ar 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 method 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 nomination 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 submitted the "best

offer". Pipeline shall post awards no later than 5:00 p.m.

on the day before nominations are due.

 

(g) Releasing Customers, Potential Customers, or Prearranged

Customers shall indemnify Pipeline from and against any and

all losses, damages, expenses, or penalties of any and/or

every kind and character which Pipeline or such Releasing,

Potential, or Prearranged Customer may suffer, sustain, or

be liable, and Pipeline shall be