Viking Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 07/01/2004, Docket: RP04-306-000, Status: Effective

Eighth Revised Sheet No. 74 Eighth Revised Sheet No. 74 : Effective

Superseding: Seventh Revised Sheet No. 74

 

GENERAL TERMS AND CONDITIONS

 

 

21. RELEASES OR ASSIGNMENTS OF FIRM TRANSPORTATION AGREEMENTS (Continued)

 

21.5 Bidding for Transportation Rights

 

(a) Persons that desire to bid on released transportation rights must

pre-qualify with Company by entering into a Released Transportation

Agreement with Company and by demonstrating creditworthiness, in the same

manner and subject to the same standards and procedures as required for

firm Shippers under Section 22 of these General Terms and Conditions. The

creditworthiness requirement shall be continuing in nature in the same

manner and to the same extent as prescribed for firm Shippers under

Subsection 22.3.1 of these General Terms and Conditions. Company will

waive the creditworthiness requirement on a non-discriminatory basis for

Bidders on a release, and permit them to submit Bids, if the Releasing

Shipper provides Company with a guarantee satisfactory to Company of all

financial obligations of the Replacement Shipper under its Released

Transportation Agreement prior to the commencement of service to the

Replacement Shipper.

 

(b) Bidders prequalified pursuant to Subsection 21.5(a) of these General Terms

and Conditions may submit Bids during the Bidding Period applicable to a

release. All bids must be submitted via Company's System. In

transmitting a Bid, Bidders recognize that such Bids will be accessible by

other Bidders through the System; provided that the System will be

programmed such that upon submission all Bids will be assigned a Bid

number and the identity of the Bidder will not be revealed during the

Bidding Period. Bidding will be an iterative process in that a Bidder may

submit any number of Bids during the Bidding Period; provided that each

new submission of a Bid effects the withdrawal of the previous one such

that a Bidder may not have more than one Bid in contention for the

capacity at the same time. If a Bidder withdraws its Bid by resubmitting

a new one, such new Bid must be at a higher rate. Pursuant to NAESB WGQ

Standards 5.3.13 (Version 1.0), 5.3.14 (Version 1.0), 5.3.15

(Version 1.0): Bids should be binding until written or electronic notice

of withdrawal is received by the capacity release service provider.

Offers should be binding until written or electronic notice of withdrawal

is received by the capacity release service provider. Bids cannot be

withdrawn after the bid period ends. Bids must contain the information on

the Bid Form set forth at Sheet No. 135 of this Tariff, including:

 

(i) the identity of the Bidder (which will be concealed during the

Bidding Period);

 

(ii) the Firm Transportation Agreement number of the Releasing Shipper

and release number to which the Bid relates;

 

(iii) the bid rate(s) that the Bidder is willing to pay for the released

transportation rights, which shall be no less than any minimum bid

rate(s) specified in the release;