Vector Pipeline L.P.

Original Volume No. 1

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

Fourth Revised Sheet No. 145 Fourth Revised Sheet No. 145

Superseding: Third Revised Sheet No. 145

 

(2) Each gross monthly revenue figure shall be

discounted to a net present value figure as of

the first day of the Capacity Release Request,

using the current C.F.R. Section 154.501(d)

interest rate.

 

(3) The net present value figures for the proposed

release shall be summed, and such sum shall be

the Bid Value.

 

(4) The Unit Bid Value is defined to equal the Bid

Value divided by the product of:

 

(ii) The highest volume of capacity (in Dth) sought in the

Qualified Bid for any Day; multiplied by (ii) the

release term (in months) in the Capacity Release

Request; and multiplied further by (iii) thirty and

four-tenths (30.4).

 

(iii) The combination of Bid(s) with the highest possible

total Bid Value (Winning Bid Value) for the capacity

in the Capacity Release Request shall be the winning

Qualified Bid(s). A Qualified Bid may be allocated

less than its Maximum Bid Volume, but in no event

shall the Qualified Bid be allocated less than its

Minimum Bid Volume. It is recognized that this

procedure is intended to result in the highest

possible total Bid Value for the Releasing Shipper

consistent with the Qualified Bids, and it is possible

that a Qualified Bid with the highest individual Unit

Bid Value may be rejected partially or in its

entirety.

 

(iv) If there is more than one combination of Bids with a

total Bid Value equal to the Winning Bid Value, the

selection of winning Bid(s) is based on the following

order of preferences: (1) pro rata, if possible; (2)

preference for a Qualified Bid with the highest

Maximum Bid Volume; (3) preference for a Qualified Bid

with the lowest Minimum Bid Volume; and (4) first

come, first served.

 

The specific Qualified Bid selection procedure is as

follows:

 

(1) Identify the Winning Bid Value. If there is only

one Bid or combination of Bids which create the

Winning Bid Value, such Bid(s) shall be awarded

the released capacity.