Carnegie Interstate Pipeline Company
Original Volume No. 1
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Effective Date: 01/01/1995, Docket: CP93-552-003, Status: Effective
Original Sheet No. 94 Original Sheet No. 94 : Effective
Superseding: Original Sheet No. 94
GENERAL TERMS AND CONDITIONS
(Continued)
11.2 (Continued)
(e) CIPCO shall review all bids from
potential customers received pursuant to section
11.2(c), which have not been rejected by CIPCO,
to determine which bid is the Best Bid(s). For
purposes of this Section 11.2, the Best Bid(s)
shall be the bid(s) that yield the highest Net
Present Value.
(f) Upon receipt from CIPCO of the Best
Bid(s), Customer shall have the right for a
thirty (30) day period in which to notify CIPCO
whether the Customer is willing to match the
Best Bid(s) for the capacity, in whole or in
part, made available by the termination of such
Customer's Service Agreement. Failure to notify
CIPCO within such thirty (30) day period
constitutes a non-revocable waiver of such
Customer's right to match the Best Bid(s). In
order to match the Best Bid(s), Customer must
agree to a rate up to the maximum rate and
contract term that provide CIPCO with at least
the same Net Present Value, for an equivalent
amount of capacity, as the valid Best Bid(s)
submitted by potential customer(s); provided
however, the maximum rate a Customer must match
is the maximum rate CIPCO can charge for
delivery to such Customer's Delivery Point(s)
specified in such Customer's Service Agreement,
and the maximum contract term such Customer must
match shall not exceed twenty (20) years.
(g) In the event CIPCO does not receive
any bids pursuant to Section 11.2(c) or CIPCO
rejects all bids for the reasons specified in
Section 11.2(d), CIPCO and Customer may mutually
agree upon the terms and conditions under which
such Customer shall be entitled to retain its
capacity and continue to receive service. In no
event shall CIPCO and Customer agree upon terms
which yield a Net Present Value less than any
bid received pursuant to Section 11.2(c) and
rejected by CIPCO. In the event CIPCO and
Customer have not reached agreement