Vector Pipeline L.P.

Original Volume No. 1

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Effective Date: 06/01/2005, Docket: RP05-295-000, Status: Effective

Fifth Revised Sheet No. 150 Fifth Revised Sheet No. 150 : Effective

Superseding: Substitute Fourth Revised Sheet No. 150

volumetric releases only applies to the reservation portion

of the rate. The Replacement Shipper will also be liable for

all applicable usage charges. The maximum rates for all

other releases shall be the applicable maximum reservation

rate and commodity rate, as well as all other applicable

rates, charges and surcharges set forth in this Tariff

notwithstanding any discount to such rates, charges or

surcharges then in effect for the Releasor.

 

(d) Any increase in Transporter's rates, charges and surcharges

shall remain the responsibility of the Releasor; provided,

however, that the Releasor may provide in its Release

Request for the rates, charges or surcharges for released

transportation rights to increase in accordance with any

such increases in Transporter's rates, charges and

surcharges. In either circumstance, any refunds of any

rates or charges ordered by FERC shall be paid by

Transporter to the Releasor for distribution by the Releasor

to the Replacement Shipper in the manner specified in the

release request and incorporated in the Released

Transportation Agreement.

 

(e) Unless affirmatively accepted by Releasing Shipper as part

of the conditions of release, Replacement Shipper shall be

solely liable to Transporter for: (i) all usage charges and

surcharges, (ii) all incremental reservation charges, where

applicable, attributable to Replacement Shipper's election

to utilize alternate receipt or delivery points, change

primary receipt or delivery points, or segment released

capacity.

 

9. Applicable Deadlines

 

Pursuant to NAESB Standards 5.3.1 and 5.3.2, the capacity release

timeline is applicable to all parties involved in the capacity

release process; however, it is only applicable if 1) all

information provided by the parties to the transaction is valid

and the Replacement Shipper has been determined to be creditworthy

before the capacity release bid is tendered, and 2) there are no

special terms or conditions of the release.

 

(a) For biddable releases (less than 1 year):

 

- offers should be tendered by 12:00 pm on a Business

Day;

 

- open season ends no later than 1:00 pm on a Business

Day (evaluation period begins at 1:00 pm during which

contingency is eliminated, determination of best bid

is made, and ties are broken);

 

- evaluation period ends and award posting if no match

required at 2:00 pm;

 

- match or award is communicated by 2:00 pm;

 

- match response by 2:30 pm;

 

- where match required, award posting by 3:00 pm;