Viking Gas Transmission Company

Original Volume No. 1

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Effective Date: 11/01/1993, Docket: RS92- 52-001, Status: Effective

Original Sheet No. 74 Original Sheet No. 74 : Superseded

 

 

 

 

 

GENERAL TERMS AND CONDITIONS (Continued)

 

5. Bidding for Transportation Rights

 

a) Persons that desire to bid on released transportation rights must pre-qualify with

Transporter by entering into a Released Transportation Agreement with Transporter

and by demonstrating creditworthiness, in the same manner and subject to the same

standards and procedures as required for firm shippers under Article XXII 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 Article XXII, Section 4.1 of these General Terms and Conditions. Transporter

will waive the creditworthiness requirement on a non-discriminatory basis for

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

Shipper provides Transporter with a guarantee satisfactory to Transporter 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 Section 5(a) may submit Bids during the Bidding

Period applicable to a Release Request. All bids must be submitted via

Transporter's EBB. In transmitting a Bid, Bidders recognize that such Bids will be

accessible by other Bidders through the EBB; provided that the EBB will be

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

identify 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. A Bidder retains

the right to withdraw its Bid until the close of the Bidding Period. 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 Transportation Agreement number of the Releasing Shipper and Release

Request 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 Request;

 

iv) the quantity applicable to the Bid, which must be no less than the minimum

specified in the Release Request;