Vector Pipeline L.P.
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
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)
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.