Vector Pipeline L.P.

Original Volume No. 1

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Effective Date: 06/01/2005, Docket: RP05-295-000, Status: Effective

Third Revised Sheet No. 135 Third Revised Sheet No. 135 : Effective

Superseding: Substitute Second Revised Sheet No. 135

4. Transporter shall retain all revenues collected under this Section

26. Except as provided by this section 26, Transporter shall not

have the right to seek to recover in any proceeding under section

4(e) of the Natural Gas Act any annual charges recorded in its

FERC Account No. 928.

 

27. ORDER OF DISCOUNTING

 

1. To the extent Transporter discounts the rates for service pursuant

to this Tariff, the rates for service will be deemed to have been

discounted in the following order: (1) Reservation Charge; (2)

Usage Charge, but no charges will be discounted below the stated

minimum rate.

 

2. From time to time Shipper and Transporter may agree in writing on

a level of discount of the otherwise applicable rates and charges

in addition to a basic discount from the stated maximum Rates.

 

For example, Transporter may provide a specific discounted rate:

 

(a) To certain specified quantities; or

 

(b) If specified quantity levels are actually achieved or with

respect to quantities below a specified level; or

 

(c) During specified time periods; or

 

(d) To points of receipt, points of delivery, transportation

paths or defined geographic areas; or

 

(e) In a specified relationship to the quantities actually

transported (i.e., that the rates shall be adjusted in a

specified relationship to quantities actually transported);

or

 

(f) To provide that if one rate component which was equal to or

within the applicable maximum and minimum rate at the time

the discount agreement was executed subsequently exceeds the

applicable maximum rate or is below the applicable minimum

rate due to a change in Transporter's maximum rates and/or

minimum rates, so that such rate component must be adjusted

downward or upward to equal the new applicable maximum or

minimum rate, then other rate components may be adjusted

upward or downward to achieve the agreed upon overall rate,

so long as none of the resulting rate components exceed the

maximum rate or are below the minimum rate applicable to the

rate component. Such changes to rate components shall be

applied prospectively, commencing with the date a Commission

order accepts applicable revised maximum and minimum rates.

However, nothing contained herein shall be construed to

offer a refund obligation under applicable law for any

period during which rates which had been changed under a

discount agreement exceeded rates which ultimately are found

to be just and reasonable.