Canyon Creek Compression Company
Third Revised Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 05/01/1997, Docket: RP97- 66-002, Status: Effective
Second Revised Sheet No. 153 Second Revised Sheet No. 153 : Effective
Superseding: First Revised Sheet No. 153
GENERAL TERMS AND CONDITIONS
(2) Each gross monthly revenue figure shall be
discounted to a net present value figure as of the first day of the
capacity release as sought in the Capacity Release Request, using
the current Federal Energy Regulatory Commission interest rate as
defined in 18 C.F.R. Section 154.67(c)(2)(iii)(A).
(3) The net present value figures for the proposed
release shall be summed, and such sum shall be the Bid Value.
(4) The Unit Bid Value is defined to equal the Bid
Value divided by the product of: (i) the highest volume of capacity
(in Dth) sought in the Qualified Bid for any day; multiplied by (ii)
the release term (in months) in the Capacity Release Request; and
multiplied further by (iii) thirty and four-tenths (30.4).
(c) The combination of Qualified Bid(s) with the
highest possible total Bid Value (Winning Bid Value) for the
capacity in the Capacity Release Request shall be the winning
Qualified Bid(s). A Qualified Bid may be allocated less than its
Maximum Bid Volume, but in no event shall the Qualified Bid be
allocated less than its Minimum Bid Volume. It is recognized that
this procedure is intended to result in the highest possible total
Bid Value for the Releasing Shipper consistent with the Qualified
Bids, and it is possible that a Qualified Bid with the highest
individual Unit Bid Value may be rejected partially or in its
(d) If there is more than one combination of Qualified
Bids with a total Bid Value equal to the Winning Bid Value this
Section 16.10(d) provides the procedure for selecting just one such
combination, and thereby the winning Qualified Bid(s).
Subject to the provisions in Sections 16.10(d)(1),
(2) and (3) below, the selection of winning Qualified Bid(s) among
Qualified Bids (or combinations thereof) of equal Bid Value is based
on the following order of preference: (i) pro rata, if possible;
(ii) preference for a Qualified Bid with the highest Maximum Bid
Volume; (iii) preference for a Qualified Bid with the lowest Minimum
Bid Volume; and (iv) first come, first served.