Cimarron River Pipeline, LLC
Original Volume No. 1
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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective
Original Sheet No. 293 Original Sheet No. 293
GENERAL TERMS AND CONDITIONS
18.3 Bidding Procedure & Conditions:
Each bidder for the firm capacity, or any part thereof, must submit its bid
to Transporter in writing (with the appropriate written service request
submitted to Transporter under separate cover) within the posting period.
Each bid shall contain the term for which the capacity is sought and the
percentage of the Maximum Rate applicable to Rate Schedule FT which the
bidder is willing to pay for the capacity, not to exceed 100% of the Maximum
18.4 Selection of Best Bid:
If Transporter receives one or more bids for the capacity, and it does not
reject all bids as provided below, the bid, or combination of bids, which
represents the largest present value of the product of capacity and rate
contained in each bid will be the "best bid." Transporter reserves the
right to reject any bid that is for less than 100% of the Maximum Rate
applicable to Rate Schedule FT.
18.5 Existing Shipper's Review:
Transporter will notify the party(ies) who submitted the best bid(s) that
their best bid(s) is subject to the existing Shipper's review, and
Transporter will post notice of the best bid(s) on its Internet Website.
Transporter will notify the existing Shipper of the best bid(s) received,
and the existing Shipper shall have the applicable period under the table in
Section 18.2 above (under the "Existing Shipper's Review Period, Days"
column) within which it must match the rate and contract term offered in the
best bid(s) to retain its firm capacity.
18.6 Continued/New Service:
(a) If the existing Shipper elects to match the best bid, Transporter
and Shipper will enter into a new FT TSA reflecting the terms of the best
bid(s). Transporter will notify the party(ies) who submitted the best
bid(s) that the existing Shipper has elected to match the best bid(s), and
Transporter will also post a notice of this election on its Internet
(b) If Shipper elects not to match the best bid(s), Shipper's
existing FT TSA will be subject to pregranted abandonment upon its effective
termination date, and Transporter may enter into a new FT TSA(s) as of that
date with the party or parties offering the best bid(s), which shall reflect
the conditions of the best bid(s). Transporter will also post a notice of
Shipper's election not to match the best bid(s) on its Internet Website.