Enbridge Pipelines (AlaTenn) L. L. C.
FOURTH REVISED VOLUME NO. 1
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Effective Date: 10/11/2002, Docket: RP03- 40-000, Status: Effective
Original Sheet No. 139 Original Sheet No. 139 : Effective
GENERAL TERMS AND CONDITIONS (continued)
3.13 Determination of Successful Bidder
Transporter shall determine the successful Bidder in accordance
with the following procedures:
(a) Bid evaluation methodologies: The Releasing Shipper shall
specify in the Release Request one of the following bid
evaluation methodologies: (i) highest rate, (ii) maximum net
revenue, or (iii) highest present value. A Release Request
may specify a different bid evaluation methodology, but such
alternate methodology may, delay the award of the capacity.
If Releasing Shipper fails to specify a bid evaluation
methodology, then Transporter will use the maximum net
revenue methodology to evaluate any bids received and
accepted which meet Releasing Shipper's minimum requirements
specified in the Release Request.
(b) Net revenue method: If the net revenue ("NR") method is
chosen, Transporter shall determine the bid or bids having
the highest NR using the following formula:
NR = (Bid Rate) X (Bid Term) X (Bid MDQ)
Bid Rate = the reservation charge which Bidder
has agreed to pay; for volumetric bids the rate
is calculated by multiplying the bid rate by
30.4167 (average days per month in a 365 day
Bid Term = the term proposed by the bidder, in
Bid MDQ = the MDQ stated in the Bid.