Vector Pipeline L.P.
Original Volume No. 1
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Effective Date: 06/01/2010, Docket: RP10-678-000, Status: Effective
Third Revised Sheet No. 158 Third Revised Sheet No. 158
Superseding: Substitute Second Revised Sheet No. 158
3. If Transporter receives no bids, or if Transporter receives no
bids at its maximum applicable recourse rate and Transporter
determines not to accept any bids below the maximum applicable
recourse rate, Transporter shall notify Shipper of the bid having
the highest value to Transporter ("Highest Bid"), or that no bids
were received. If Transporter receives a bid at its maximum
applicable recourse rate, or if it accepts any bid below the
maximum applicable recourse rate, Transporter shall, within 5 days
of the close of the ROFR Bidding Period, inform Shipper of the
offer to purchase capacity solicited pursuant to section 32.1
herein that Transporter intends to accept. Shipper shall have 5
days after receiving notice to notify Transporter as to whether it
will match the Highest Bid in terms of price, quantity and
duration. If the Shipper elects to match the Highest Bid, it must
execute a new Transportation Agreement that contains the terms of
the Highest Bid; provided, however, that Shipper shall not be
required to pay any rate higher than the maximum applicable
recourse rate. If the Shipper fails to match the offer presented
by Transporter, Transporter shall enter into a Firm Transportation
Agreement with the Party submitting the competing offer.
4. Transporter shall post any matched offer below the maximum
applicable recourse rate on its EBB for an additional 5 days,
during which time bids may be submitted at a higher price.
Shipper shall be given an opportunity to match any higher bid.
This process shall repeat until Shipper agrees to pay
Transporter's maximum applicable recourse rate, the Shipper fails
to match an offer, or no higher bid is submitted. The iterative
process shall not extend for greater than 30 days from the initial
posting of a matched offer pursuant to this section 32.4. At the
expiration of such 30 day period, the most recent offer shall be
5. If Transporter receives no bids at the maximum applicable recourse
rate and Transporter refuses to accept a lower bid, Transporter
may abandon service to Shipper, unless Shipper agrees to pay the
maximum applicable recourse rate for a period of one year, or if
Transporter and Shipper negotiate the terms and conditions of a
Firm Transportation Agreement extension.
33. INCORPORATION IN RATE SCHEDULES AND SERVICE AGREEMENTS
These General Terms and Conditions are incorporated in and are a part of
Transporter's Rate Schedules and service agreements. Except as provided
in section 8 of the Forms of Firm Transportation Agreements included
herein, to the extent there is any inconsistency between terms in these
General Terms and Conditions and terms in Transporter's Rate Schedule or
service agreements, these General Terms and Conditions shall govern.