Mid Louisiana Gas Company

Third Revised Volume No. 1

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

Second Revised Sheet No. 94 Second Revised Sheet No. 94 : Effective

Superseding: FIRST REVISED SHEET NO. 94

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