Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-357-000, Status: Effective

Second Revised Sheet No. 133 Second Revised Sheet No. 133

Superseding: Substitute First Revised Sheet No. 133

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

Prior to bidding on any Offer to Release Capacity, a

bidder must prequalify by satisfying the creditworthiness

requirements in Subsection 12.5 and executing a Form of

Service Agreement for Firm Transportation Service. VGS

shall date and time stamp all bids as they are received.

VGS will post the relevant terms of all bids, other than the

name of the bidder, upon receipt. A separate bid is

required for each separate Releasing Shipper's Offer. The

price bid on any Offer to Release Capacity must be

consistent with the form requested by the Releasing Shipper,

and may be submitted on a reservation rate or percentage

basis or on a volumetric basis calculated at the 100% load

factor derivative of the Maximum Reservation Rate, and may

contain a minimum volumetric commitment. Releases of capacity

for one (1) year or less, if the release is to take effect on or

before one(1) year from the date on which VGS is notified of the

release, may be in excess of the maximum tariff rate. All other

releases with terms of one (1) year or less or releases with

terms greater than one (1) year are capped at the maximum tariff

rate. Any volumetric bids should only relate to the reservation

rate, since the usage rate used to determine the usage charges

and any other volumetric charges will be billed by VGS directly

to the Replacement Shipper and will not be considered in the

determination of the best bid. All bids on Temporary Releases of

capacity must be for the specified Receipt and Delivery Points

set forth in the Releasing Shipper's offer. Any Prequalified

bidder submitting a bid for all or part of any released capacity

shall provide the following information:

 

a. Bidder's name, address, phone number, fax

number, and contact person;

 

b. The offer under which the capacity is

available;

 

c. The requested Primary Receipt Point(s)

and the Primary Delivery Point and the

quantity (in Dth per day) for each point;