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4th Sub Original Sheet No. 99D 4th Sub Original Sheet No. 99D : Superseded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
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may be withdrawn prior to the end of the posted Open Season period,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.