Mid Louisiana Gas Company

Third Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-151-003, Status: Effective

First Revised Sheet No. 90 First Revised Sheet No. 90 : Effective

Superseding: ORIGINAL SHEET NO. 90

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 Once a bid is withdrawn, such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the withdrawn bid.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.

(d) Unless Releasing Customer designates a longer period in

its Customer's Notice, Potential Customers shall have

three (3) business days, exclusive of the day of posting,

within which to submit bids for the released capacity.

Such bidding period shall conclude at 2:00 P.M. on the

day before nominations are due.

(e) Upon expiration of the Bid Period and no later than 3:00 P.M.

of the day before nomination are due, 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.

(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 nominations 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