Enbridge Pipelines (AlaTenn) L. L. C.
FOURTH REVISED VOLUME NO. 1
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Effective Date: 10/11/2002, Docket: RP03- 40-000, Status: Effective
Original Sheet No. 140 Original Sheet No. 140 : Effective
GENERAL TERMS AND CONDITIONS (continued)
(c) Present Value Method: If the Present Value ("PV") Method is
specified in the Release Request or in the event of a firm
contract nearing expiration, Transporter shall determine the
bid or bids having the highest PV based on the following
PV = (Bid Rate) x (Bid MDQ) x 1-(1/((1+i) ))
Bid Rate = the reservation charge which the Bidder
has agreed to pay; for volumetric bids the
rate is calculated by multiplying the bid
rate by 30.4167.
Bid MDQ = the MDQ stated in the Bid.
i = Interest rate per month, which shall be
the interest rate as calculated under 18
C.F. R. § 154.67 (c)(2)(iii); and
N = the lesser of (i) the term proposed by the
Bidder or (ii) 120 months.
(d) If a Release Request includes a Prearranged Replacement
Shipper, then the released transportation rights shall be
awarded to the Prearranged Replacement Shipper (a) if its
bid either is equal to or is higher than the bid with the
highest value under the bid evaluation methodology specified
by the Releasing Shipper as provided herein or, if no such
standard is specified, is equal to or is higher than the bid
with the highest NR of the bids submitted by all other
Bidders in accordance with the NR method herein, or (b) if
the Prearranged Replacement Shipper exercises its right of
first refusal and agrees to match any bid having a higher
value, as applicable, within the time period provided under