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Original Sheet No. 75 Original Sheet No. 75 : Superseded
GENERAL TERMS AND CONDITIONS (Continued)
v) the term for which the Bidder wishes to obtain the transportation rights,
which must be the same as the term specified in the Release Request, or be no
less than any minimum term specified in the Release Request; and
vi) whether the Bid is contingent and, if so, the basis for the contingency.
All bids must be for the receipt and delivery points specified in the Release
Request. The receipt and delivery points awarded a Replacement Shipper in accord
with this section shall be specified on its Transportation Service Agreement.
Replacement Shipper shall be eligible for the use of secondary points in accord
with the priority afforded the released transportation under Article III, Section
4, of Transporter's FERC Gas Tariff.
6. Determination of Successful Bidder
Transporter shall determine the successful bidder in accordance with the following
a) If the Release Request specifies an economic value standard for the award of
released transportation rights, Transporter shall apply such standard including any
designated tiebreaking procedure if necessary, to determine the successful Bidder.
Transporter's application of Releasing Shipper's economic value standard shall
result in as many successful bidders as mandated thereby.
b) If no standard is specified in the Release Request, Transporter shall evaluate the
Bids and award the capacity based on the following procedures. Transporter shall
determine the bid or bids having the highest present value ("PV") based on the
PV= (Bid Rate) x (Bid Quantity) x 1-(1+i)-N
Bid Rate = for firm releases, the reservation charge which the Bidder has
agreed to pay; for interruptible releases, the usage charge which
the Bidder has agreed to pay.
Bid Quantity = the quantity stated in the Bid.