Enbriidge Pipelines (Midla) L. L. C.
FIFTH REVISED VOLUME NO. 1
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Effective Date: 10/01/2009, Docket: RP09-980-000, Status: Effective
First Revised Sheet No. 114 First Revised Sheet No. 114
Superseding: Original Sheet No. 114
written or electronic 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withdrawn, such Potential Customer may only submit a new bid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than the withdrawn bid.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.
(f) Pipeline shall select the "best bid" 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
Customer as choices from which Releasing Customer 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 Customer
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
Customer elect another method of evaluation.
(g) In the event Releasing Customer elects not to submit
criteria for Pipeline to utilize in determining the "best
bid," the "best bid" 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 bid" criteria described above, the
released capacity will be awarded to the Potential Customer
who submitted the "best bid" first in time.