Viking Gas Transmission Company

First Revised Volume No. 1

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

Fourth Revised Sheet No. 86A Fourth Revised Sheet No. 86A : Effective

Superseding: Third Revised Sheet No. 86A

 

GENERAL TERMS AND CONDITIONS

 

 

23. EXTENSION OF LONG TERM FIRM TRANSPORTATION AGREEMENTS (Continued)

 

23.1 (Continued)

 

(c) Within five days after the close of the Bidding Period, Company shall

notify Shipper of the bid having the highest present value to Company

("Highest Bid"). Shipper shall have 15 days after receiving notice of the

Highest Bid to notify Company as to whether it will match the Highest Bid;

and provided further that Shipper shall not have to match any bid rate

higher than the maximum applicable rate. If the Shipper elects to match

the Highest Bid, it must execute a new Transportation Agreement that

contains the terms of the Highest Bid.

 

(d) This Section is subject to the provisions of Section 22 regarding the

reservation of capacity for expansion projects.

 

23.2 Company shall not be obligated and it shall be within Company's sole discretion

to tender, execute or continue a Firm Transportation Agreement at any rate less

than the applicable Maximum Rate for the service requested. Company and

Shipper must agree to any rate requested at less than the applicable Maximum

Rate before Company becomes obligated to tender, execute or continue a Firm

Transportation Agreement for service at any rate less than the applicable

Maximum Rate.

 

23.3 In the event that a Shipper exercises its right-of-first refusal so as to

retain capacity for a period of less than a year, Shipper shall have no further

rights-of first refusal with respect to the subject capacity.

 

23.4 If Company receives no acceptable bids on the capacity, then Shipper may

continue to receive service at the Maximum Rate for the term elected by Shipper

or such other rate and/or term as agreed to by Company.