Trailblazer Pipeline Company
Fourth Revised Volume No. 1
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Effective Date: 12/28/2007, Docket: RP08-168-000, Status: Effective
Original Sheet No. 203 Original Sheet No. 203 : Effective
GENERAL TERMS AND CONDITIONS
(b) Trailblazer shall calculate a Bid Value for each
Qualified Bid and Prearranged Release (if any), and shall calculate
the Winning Bid Value, as follows:
(1) For each month, the volume and reservation
charge per Dth stated in the Qualified Bid shall be multiplied
together to derive a gross monthly revenue figure. If the Qualified
Bids contain volumetric-based charges permitted by the Capacity
Release Request, then the gross monthly revenue figure shall be equal
to any minimum amount designated by the bidder to be billed as a
reservation charge even if there is no (or insufficient) flow.
(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 154.501(d)(1).
(3) The net present value figures for the proposed
release shall be summed, and such sum shall be the Bid Value.
(c) Capacity shall be awarded among the Qualified Bids,
best bid first (highest Bid Value or other evaluation criteria as
specified by the Shipper in the Capacity Release Offer), until all
offered capacity is awarded. The best Qualified Bid will be awarded
its Maximum Bid volume and any subsequent bids will be awarded up to
their Maximum Bid Volume but no less than their Minimum Bid Volume.
(d) In the event ties exist among Qualified Bids, the
Qualified Bid submitted and received earliest by Trailblazer's
Interactive Web Site (or if Trailblazer's Interactive Web Site is not
available and the Qualified Bid is submitted in writing, the time
Trailblazer received the Qualified Bid) shall be the winning bid.
(e) The following are examples of how (c) and (d) are