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. 148 Fourth Revised Sheet No. 148

Superseding: Third Revised Sheet No. 148

 

(f) If two or more Bidders have submitted Bids which reflect equal greatest

economic value or the highest rate, as applicable, then, subject to any

Prearranged Bidder's exercise of its right of first refusal, the released

transportation rights will be awarded on the basis of a lottery that is

limited to such Bidders, unless the Releasor has specified an alternative

means for awarding the released capacity as between two or more equal bids

("alternative tie breaker"). The winner of the lottery or alternative tie

breaker shall be awarded the transportation rights for which it has

submitted a Bid. Transporter will conduct the lottery or alternative tie

breaker in a non-discriminatory manner.

 

(g) When Transporter makes awards of capacity for which there have been

multiple bids meeting minimum conditions, Transporter shall award the bids,

best bid first, until all offered capacity is awarded.

 

(h) For information purposes only, Transporter shall post on QuickNom™ the

identity of the winning bidder and the terms of the successful bid.

 

7. Assignment of Transportation Rights to Replacement Shipper

 

(a) Prior to the commencement of service pursuant to the Release Request, and

not later than one (1) hour following notice to the Replacement Shipper by

Transporter of the award of capacity, Transporter shall prepare and

transmit to the successful Bidder a Confirmation Letter pursuant to the

Capacity Release Transactions Agreement stating the quantity, rates, term,

Maximum Receipt Quantities at all Primary Receipt Points and Maximum

Delivery Quantities at all Primary Delivery Points, governing rate

schedule, and any special terms and conditions for each awarded release.

Releasor's capacity rights will be modified to reflect that the Releasor

has released all or a portion of its transportation rights.

 

(b) Prior to the commencement of service pursuant to any Release Assignment,

the Replacement Shipper shall meet the creditworthiness standards set forth

in section 31 of the GT&C.

 

8. Billing

 

(a) Transporter shall bill Replacement Shipper based upon the rates, charges

and surcharges incorporated into the Confirmation Letter pursuant to the

Capacity Release Transactions Agreement. The commodity charges for the

Replacement Shipper will