Mississippi River Transmission Corp.

Third Revised Volume No. 1

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Effective Date: 03/17/1999, Docket: RP98-404-004, Status: Effective

3rd Sub Original Sheet No. 99C 3rd Sub Original Sheet No. 99C : Superseded






(e) Award of Capacity: MRT shall comply with Commission

requirements regarding the award of available firm capacity on its

system. MRT shall not be obligated to accept any rate for

capacity which is less than MRT's maximum authorized rate. MRT may

establish a reserve rate less than its maximum rate, which reserve

rate shall not be disclosed at the time of posting but shall be

recorded and maintained by MRT for a period of three (3) years for

validation purposes. In the event firm capacity on MRT is available

for subscription and MRT awards such capacity, such capacity shall be

awarded to customers that meet MRT's creditworthiness standards (as

set forth in Section 26 of the General Terms and Conditions) based

upon MRT's analysis of the incremental revenues expected to be

produced, lost, or affected if the request for service is accepted.


The determination of incremental revenues to MRT shall be based upon

the following Bid Value and other objective and nondiscriminatory

factors determined by MRT to be relevant to the granting of the



(1) For each month of the term of the bid, the quantity and

rate per MMBtu stated in the qualifying bid shall be

multiplied together to derive a gross monthly revenue figure.


(2) Each gross monthly revenue figure shall be divided by the

maximum daily quantity of any month in the contract month

and the number of days in the month to derive a bid rate.


(3) Each bid rate shall be discounted to a net present value

figure using the current Federal Energy Regulatory

Commission interest rate as defined in 18 C.F.R.

Section 154.67.


(4) The net present value figures shall be summed, and the sum

shall be the bid value.


(5) The qualifying bid(s), which produces the highest bid value

to MRT, will be deemed to be the best bid(s).


Notice of such other objective and nondiscriminatory factors that will

be considered shall be posted on MRT's Electronic Bulletin Board and

designated internet site at the time MRT posts notice of available

firm capacity under Section 5.9(b). MRT shall not consider

revenues from unrelated services in the determination of incremental

revenues to MRT.