Mississippi River Transmission Corp.

Third Revised Volume No. 1

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Effective Date: 03/17/1999, Docket: RP98-404-006, Status: Effective

4th Sub Original Sheet No. 99D 4th Sub Original Sheet No. 99D : Superseded

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

5. PROCEDURES FOR REQUESTING SERVICE (Continued)

 

Notice of such other objective 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.

 

In its analysis, MRT will abide by Commission policy regarding the

use of negotiated rates for purposes of determining the Bid Value of a

request received during an Open Season. MRT shall only consider

revenues generated by the reservation rate and/or guaranteed

throughput volumes, proposed by the Bidder(s). For purposes of its

evaluation, MRT will consider the aggregate of two or more requests

for service and award the available capacity to the request or

combination of requests that results in the highest incremental

revenues to MRT.

 

If the capacity to be allocated to the highest bidder would not result

in awarding all of the available capacity, then MRT, subject to the

provisions herein, will award the remaining capacity to the next

highest bidder(s) until all of the capacity has been awarded or until

all valid bids above MRT's reserve rate have been accepted.

 

For any capacity awarded pursuant hereto, the successful bidder(s) and

MRT will execute a new service agreement or amendment prior to the

commencement of service which confirms the terms of the accepted

bid(s) for the available capacity.

 

(f) Posting of Successful Bids: Upon a determination of the

Successful Bid(s), if any, and in any event, as soon as practicable,

but no later than ten (10) days after the close of the Open Season

process and prior to gas flow, MRT shall post a notice on its

Electronic Bulletin Board and designated internet site

identifying the successful bid(s), if any, along with the Bid Value

analysis employed in determining the successful bid, and shall provide

the actual calculation of the Bid Value with sufficient clarity to

permit bidders to duplicate the results.

 

(g) Binding Nature of Bids: Bids received during an Open Season

may be withdrawn prior to the end of the posted Open Season period,

provided, however, that a Bidder may not withdraw a bid and resubmit a

bid with a lesser value. Bids that are not withdrawn before the end

of the posted Open Season period are binding.