Vector Pipeline L.P.

Original Volume No. 1

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Effective Date: 06/01/2010, Docket: RP10-678-000, Status: Effective

Third Revised Sheet No. 144 Third Revised Sheet No. 144

Superseding: Second Revised Sheet No. 144

 

Bid Quantity = the quantity stated in the Bid.

 

i = interest rate per month (which shall be the current

C.F.R. Section 154.501(d) interest rate); and

 

n = the term proposed by the Bidder in months.

 

(ii) If the net revenue method is chosen, Transporter shall

determine the bid or bids having the highest net revenue

(NR) using the following formula:

 

NR = (Bid Rate) * (Bid Term) * (Bid TQ)

 

where

 

Bid Rate = the daily charge which the Bidder has agreed to

pay. For reservation rate bids, the charge is calculated by

multiplying the bid rate received from the Bidder by 12/365

and rounding up or down to the fifth decimal place.

 

Bid Term = the term proposed by the Bidder in Days.

 

Bid TQ = the TQ stated in the Bid measured in Dekatherms.

 

(iii) If the highest rate method is chosen, Transporter shall

determine the total revenue to be derived from the rate bid.

 

(c) To the extent Bids utilize different rate forms, capacity shall be

allocated using the following procedures.

 

(i) Transporter shall calculate a Bid Value and Unit Bid Value

for each Qualified Bid and Prearranged Release (if any), and

shall calculate the Winning Bid Value, as follows:

 

(1) For each month, the volume and reservation charge per

Dth stated in the Bid shall be multiplied together to

derive a gross monthly revenue figure. If Bids

contain volumetric-based charges permitted by the

Capacity Release Request, the gross monthly revenue

figure shall be equal to any minimum amount designated

by the bidder to be billed as a reservation charge,

even if there is no (or insufficient) flow.