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