Stingray Pipeline Company, L. L. C.
Third Revised Volume No. 1
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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective
Second Revised Sheet No. 170 Second Revised Sheet No. 170
Superseding: First Revised Sheet No. 170
GENERAL TERMS AND CONDITIONS
EXAMPLE (7) Assume:
Capacity Release Request = 100,000/Day for 5 Years
Qualified Bids (which were all received through the Interactive Internet
Maximum Bid Unit Bid Minimum
Volume Term Value Bid Volume
----------- -------- -------- ----------
Bid (a) 50,000/Day 5 Years $.18 50,000
Bid (b) 50,000/Day 5 Years $.18 50,000
Bid (c) 50,000/Day 5 Years $.18 50,000
Winning Qualified Bids: The two Qualified Bids shown as received
earliest by Stingray's Interactive Internet Website shall each receive
their Maximum Bid Volume.
Explanation: Clearly, any two Bids in combination have the same Winning
Bid Value. Since the Bids are completely inflexible and have equivalent
Maximum Bid Volumes and equivalent Minimum Bid Volumes, only Section
16.10(d)(3)(C) can be used to break the tie. The tie breaker looks to
the Qualified Bid(s) shown as received earliest on Stingray's
Interactive Internet Website.
(e) In no event shall this Section 16.10 result in winning
Qualified Bids with a total volume in excess of the
capacity specified in the Capacity Release Request.
(f) The bid evaluation procedure set forth in this Section
16.10 shall only consider Qualified Bids to the extent
they provide for an objectively quantifiable payment
by the Qualified Bidder. A Qualified Bid based on a
percentage of Stingray's reservation charge shall be
evaluated by Stingray based solely on the maximum
reservation charge being charged by Stingray for such
service as of the end of the open season.