Columbia Gulf Transmission Company
Second Revised Volume No. 1
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Effective Date: 03/17/2007, Docket: RP07-172-000, Status: Effective
Fifth Revised Sheet No. 146 Fifth Revised Sheet No. 146 : Effective
Superseding: Fourth Revised Sheet No. 146
GENERAL TERMS AND CONDITIONS (Continued)
Transporter. The due date set by Transporter for bids shall be in accordance with the posting
periods set forth above in this Section 4.2(a).
(b) Bidding Procedure. A potential Shipper may submit multiple bids, each higher that
its preceding bid, for all or any portion of the capacity or term of service made available by Transporter.
Such bids shall be submitted electronically through Transporter's EBB and shall be displayed by Transporter on
the EBB, without revealing the identity of the bidder, during the bidding period. Bidder shall specify the
monthly reservation charge (or other firm or demand charge(s), if applicable, herein referred to collectively
as Reservation Charge) it is bidding for the service. Bidder also shall provide to Transporter a valid
request for service fully complying with Section 3 (Requests for Service) of the General Terms and Conditions.
The price bid for the monthly reservation charge shall be expressed per Dth and shall be expressed to the
nearest thousandth of one dollar ($0.000). The bid shall not exceed the then-effective Maximum Base
Reservation Charge for the applicable service set forth in this Tariff. In addition to the bid price, Bidder
shall pay all applicable commodity charges, demand and commodity surcharges and any other applicable charges,
as they may be adjusted from time to time by Transporter. Transporter shall have the right to reject any bids
that: (i) are for a rate that is less than the minimum rate stated in Transporter's posting of that capacity;
(ii) do not satisfy any of the other terms specified in the posting; or (iii) include conditions or provisions
that Transporter determines, in its reasonable discretion, to be unacceptable.
(c) Assessing Bids.
(1) Transporter shall access the bids to assure that capacity is available to
serve the delivery point(s) requested. If capacity is not available, Transporter shall reject the bids and
(2) Transporter shall evaluate bids based upon their net present value as set
forth below, taking into account the price and term offered. Transporter shall use the current Commission-
approved interest rate in calculating the net present value of bids, with the current value of any future
service commencement date bids reduced by the time value of the delay in the receipt of revenue. Capacity
shall be awarded, as set forth in paragraph (d) below based on the acceptable highest value of the bids
offered to Transporter calculated in accordance with this Section. Transporter shall publish the winning bids
on its EBB.
(3) For purposes of assessing bids, the net present value of bids containing a
reservation rate or other form of revenue guarantee which exceeds the applicable Recourse Rate during all or
any portion of the term contained in the bid, shall not exceed the net present value that is calculated
assuming that the applicable Recourse Rate is in effect during the full term contained in the bid, in place of
the reservation rate(s) or other revenue guarantee(s) contained in the bid.