Vector Pipeline L.P.

Original Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-111-000, Status: Effective

Second Revised Sheet No. 149 Second Revised Sheet No. 149

Superseding: First Revised Sheet No. 149

 

include the maximum commodity rate under the applicable rate schedule

including all adjustments. If the Replacement Shipper fails to pay all or

any portion of any bill by the due date specified on the invoice,

Transporter shall send an invoice to the Releasor for all unpaid amounts up

to the amount of the Releasor's reservation charge, which the Releasor

shall pay to Transporter with interest thereon, which interest shall be

calculated from the date which Transporter credited the Releasor for the

applicable reservation charges in accord with section 29.8(b) below. As a

courtesy to Releasor, Transporter shall endeavor to notify Releasor of the

Replacement Shipper's failure to pay its bill in full when due after

Transporter becomes aware of such failure; provided, however, that

Transporter's inability or failure to provide notice to Releasor shall not

excuse Releasor from making timely and full payment of the applicable

reservation charges. Releasor shall be responsible for obtaining

reimbursement for any such payment from Replacement Shipper. Failure of

either the Replacement Shipper or Releasor to pay bills shall entitle

Transporter to exercise the remedies available under the Transportation

Agreement and this Tariff, including suspension of service to the Releasor

and the Replacement Shipper, as well as any other remedies available to

Transporter.

 

(b) Notwithstanding any release hereunder, except in the case of a permanent

release, all Releasors shall remain responsible for payment of the

reservation charge for firm transportation service that has been released.

The Releasor shall receive a reservation credit equaling the reservation

dollars which Transporter receives from the Replacement Shipper. The

Releasor will receive credit at the same time Transporter invoices the

Replacement Shipper for the released capacity, provided, if the Replacement

Shipper defaults and Transporter must seek payment from the Releasor,

Transporter will assess the Releasor interest at the FERC Section

154.501(d) approved rate. A reservation rate for the purposes of this

Section consists of (i) the base reservation rate, and (ii) all applicable

surcharges, provided that for releases made on a volumetric basis, the

reservation charge shall equal the daily reservation rate multiplied by the

applicable volume plus all applicable surcharges. Any discount from said

rate comes first off the surcharges and then off the base reservation rate.

Therefore, a Releasor paying a discounted rate is only entitled to receive

any revenues from the release of its capacity that exceed the amount of the

applicable surcharges.

 

(c) The maximum rate for a volumetric release shall not exceed the daily

reservation rate for the released capacity. Such maximum rate for