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withdrawn, such Potential Customer may only submit a new bid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than the withdrawn bid.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.