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Original Sheet No. 76 Original Sheet No. 76 : Superseded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.