Viking Gas Transmission Company
Original Volume No. 1
Contents / Previous / Next / Main Tariff Index
Effective Date: 11/01/1993, Docket: RS92- 52-001, Status: Effective
Original Sheet No. 76 Original Sheet No. 76 : Superseded
GENERAL TERMS AND CONDITIONS (Continued)
i = interest rate per month (which shall be the then current maximum yield on five
year U.S. Government Treasury notes divided by 12), (Transporter will post the
current Treasury note rate on its EBB); and
N = the lesser of (i) the term proposed by the Bidder or (ii) 60 months.
c) If a Release Request includes a Prearranged Bidder, then the released
transportation rights shall be awarded to the Prearranged Bidder if its Bid either
(a) is equal to or is higher than the Bid with the greatest economic value under
the standard submitted by the Releasing Shipper, or (b) has a present value,
determined in accordance with Section 6(b), which is equal to or higher than the
highest present value of the Bids submitted by all other Bidders, or (c) if the
Prearranged Bidder agrees to match any Bid having a greater economic value or
higher present value, as applicable, within the time period provided by Section 7.