Dominion Cove Point LNG, LP

Original Volume No. 1

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Effective Date: 05/01/2003, Docket: RP03-341-000, Status: Effective

Original Sheet No. 112 Original Sheet No. 112 : Effective

 

 

RATE SCHEDULE ITS

Interruptible Transportation Service

(Continued)

 

 

 

4. BIDDING PROCEDURE

 

(a) Operator on a daily basis shall post a notice on its EBB setting forth: (i) the

capacity available for bidding under this Rate Schedule, including capacity at

applicable receipt and delivery points; and (ii) the Minimum Bid Rate, inclusive of

applicable surcharges for such capacity. The Minimum Bid Rate shall not be higher

than the total effective Maximum ITS Rate set forth in the Currently Effective Rates

sheet of this Tariff. All bids between the Minimum Bid Rate and the Maximum ITS Rate

shall be deemed to be selective discounts and shall be reported under any Commission

regulations applicable to such selective discounts.

 

(b) Buyers seeking to obtain all or a portion of that capacity shall, through Operator's

EBB, submit their bids for the capacity to Operator, together with their nominations

of service under the provisions of Section 6 of this Rate Schedule ITS. Buyer's bid

for capacity under this Rate Schedule shall state the rate Buyer is offering to pay

for the service it has nominated in terms of cents per Dth (¢/Dth) to the nearest

hundredth of a cent (00.00¢). Buyer's bid rate shall be no lower than the Minimum

Bid Rate and no higher than the total effective Maximum ITS Rate as set forth on the

Currently Effective Rates sheet of this Tariff. Operator may reject any bids: (i)

for an amount lower than the Minimum Bid Rate; or (ii) from bidders that do not

currently have an ITS Service Agreement with Operator.

 

(c) Operator shall allocate the capacity available under this Rate Schedule based upon

the respective bid rates received for that capacity, and in accordance with the

provisions of Section 15 (Capacity Allocation) of the General Terms and Conditions.