Viking Gas Transmission Company

First Revised Volume No. 1

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Effective Date: 09/01/2005, Docket: RP05-394-001, Status: Effective

Substitute Eleventh Revised Sheet No. 77 Substitute Eleventh Revised Sheet No. 77 : Effective

Superseding: Tenth Revised Sheet No. 77

 

GENERAL TERMS AND CONDITIONS

 

 

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

 

21.6 Determination of Successful Bidder (Continued)

 

(d) If two or more Bidders have submitted Bids which reflect the 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 Releasing Shipper 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. Company will conduct the lottery or

alternative tie breaker in a non-discriminatory manner.

 

(e) Company's application of Company's present value formula and the lottery

shall result in only one successful Bidder per release.

 

When the capacity release service provider makes awards of capacity for

which there have been multiple bids meeting minimum conditions, the

capacity release facilitator should award the bids, best bid first, until

all offered capacity is awarded. [5.3.4]

 

(f) For informational purposes only, Company shall post on its System the

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

 

(g) Prior to the commencement of service pursuant to the release, Company

shall prepare and transmit to the successful Bidder a Transportation

Agreement stating the quantity, rates, term, MDQ at all Primary Receipt

Points and the MDQ at all Primary Delivery Points, governing rate

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

Releasing Shipper's Transportation Agreement will be amended to reflect

that the Releasing Shipper has released all or a portion of its

transportation rights.

 

(h) Company shall not award capacity release offers to Shipper until and

unless Shipper meets Company's creditworthiness requirements applicable to

all services that it receives from Company, including the service

represented by the capacity release. [5.3.59]

 

21.7 Applicable Deadlines

 

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 acquiring Shipper

has been determined to be credit worthy before the capacity release bid is

tendered and 2) there are no special terms or conditions of the release.

[5.3.1]