Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 01/01/1998, Docket: CP97-533-002, Status: Effective

Original Sheet No. 151 Original Sheet No. 151 : Effective

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

14.2 Posting of Capacity

 

At least thirty (30) days prior to the effective

termination date of a Firm Service Agreement with a primary

term of one (1) year or more, whether such date is specified

in the Service Agreement or VGS' notice of termination as

allowed by such Firm Service Agreement, VGS shall post on

its Internet Home Page the capacity that will be available

upon the termination of a Shipper's Firm Service Agreement

and whether such capacity is subject to an existing

Shipper's right of first refusal. The capacity will be

posted for not less than five (5) business days.

 

The posting will include the Primary Receipt Point(s)

and the Delivery Point, the available Maximum Daily

Reservation Quantity and the Maximum Daily Quantity for each

Primary Point, the termination date of the firm agreement,

and the applicable maximum rate.

 

14.3 Bidding On Capacity

 

Upon posting of Available Capacity, VGS shall receive

bids in writing from eligible bidders who have executed a

Form of Service Agreement for Firm Transportation Service.

Bids must be submitted on VGS' "Bid for Released Firm

Capacity" form or on VGS' Internet Home Page as prescribed

in Section 13 of this FERC Gas Tariff, and must be received

by VGS no later than 2:00 p.m. Central Clock Time on the day

prior to the bid deadline date. VGS will post the relevant

terms of all eligible bids, other than the bidder's name,

upon receipt of each bid received by VGS. VGS will

determine the best bid in accordance with the Capacity

Release provisions set forth in Section 13 of the General

Terms and Conditions.