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. 140 Original Sheet No. 140 : Effective

 

 

the bona fide bids the "Best Bid," and shall forward the

relevant terms of the "Best Bid" to Customer whose long-term

firm Service Agreement is being terminated by Pipeline. If

Customer elects to match the "Best Bid," the Customer shall

be entitled to continue to receive service under a long-term

firm Service Agreement which reflects the matching of the

relevant terms of the "Best Bid." If Customer does not

elect to match the "Best Bid," Customer's existing long-term

firm Service Agreement shall be terminated and Pipeline

shall be deemed to have all necessary abandonment

authorization under the NGA. A "Best Bid" shall be the bid

which generates the highest net present value for the time

period of the release. If no Potential Customer offers the

maximum rate for the full term of the bid, the "Best Bid"

shall be that bid which Pipeline determines, in its

reasonable discretion, is likely to maximize Pipeline's

revenue earning potential. If more than one Potential

Customer submits the "Best Bid," the available capacity will

be awarded to the Potential Customer who submitted the "Best

Bid" first in time.

 

(d) Upon notification from Pipeline of the relevant terms of the

"Best Bid," Customer shall have three (3) business days to

notify Pipeline whether Customer is willing to match the

"Best Bid." Failure to notify Pipeline by written notice or

through the EBB system within three (3) business days after

notification will result in a waiver of Customer's right to

match the "Best Bid." In order to match the "Best Bid,"

Customer must agree to a rate equal to the