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
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.