Mississippi River Transmission Corp.
Third Revised Volume No. 1
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Effective Date: 03/17/1999, Docket: RP98-404-004, Status: Effective
3rd Sub Original Sheet No. 99C 3rd Sub Original Sheet No. 99C : Superseded
GENERAL TERMS AND CONDITIONS
5. PROCEDURES FOR REQUESTING SERVICE (Continued)
(e) Award of Capacity: MRT shall comply with Commission
requirements regarding the award of available firm capacity on its
system. MRT shall not be obligated to accept any rate for
capacity which is less than MRT's maximum authorized rate. MRT may
establish a reserve rate less than its maximum rate, which reserve
rate shall not be disclosed at the time of posting but shall be
recorded and maintained by MRT for a period of three (3) years for
validation purposes. In the event firm capacity on MRT is available
for subscription and MRT awards such capacity, such capacity shall be
awarded to customers that meet MRT's creditworthiness standards (as
set forth in Section 26 of the General Terms and Conditions) based
upon MRT's analysis of the incremental revenues expected to be
produced, lost, or affected if the request for service is accepted.
The determination of incremental revenues to MRT shall be based upon
the following Bid Value and other objective and nondiscriminatory
factors determined by MRT to be relevant to the granting of the
(1) For each month of the term of the bid, the quantity and
rate per MMBtu stated in the qualifying bid shall be
multiplied together to derive a gross monthly revenue figure.
(2) Each gross monthly revenue figure shall be divided by the
maximum daily quantity of any month in the contract month
and the number of days in the month to derive a bid rate.
(3) Each bid rate shall be discounted to a net present value
figure using the current Federal Energy Regulatory
Commission interest rate as defined in 18 C.F.R.
(4) The net present value figures shall be summed, and the sum
shall be the bid value.
(5) The qualifying bid(s), which produces the highest bid value
to MRT, will be deemed to be the best bid(s).
Notice of such other objective and nondiscriminatory factors that will
be considered shall be posted on MRT's Electronic Bulletin Board and
designated internet site at the time MRT posts notice of available
firm capacity under Section 5.9(b). MRT shall not consider
revenues from unrelated services in the determination of incremental
revenues to MRT.