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Original Sheet No. 78 Original Sheet No. 78 : Superseded

 

 

 

GENERAL TERMS AND CONDITIONS (Continued)

 

 

7. Applicable Deadlines

 

a) For releases of less than 30 days (not subject to bidding) or releases under

prearranged deals at the maximum rate, Releasing Shipper and Replacement Shipper

shall notify Transporter 24 hours in advance of the time specified in Transporter's

Tariff for the nomination of the assigned service.

 

b) For all other releases, Releasing Shipper shall post the Release Request on

Transporter's EBB. Release Requests shall remain posted for the following period:

 

(i) Release Requests for a term of three months or less shall be posted such that

the minimum Bidding Period specified below closes 48 hours prior to the time

specified in Transporter's tariff for nomination of the assigned service;

 

(ii) Release Requests for a term of greater than three months shall be posted such

that the minimum Bidding Period specified below closes on the fifth business

day preceding the time specified in Transporter's tariff for nomination of the

assigned service;

 

c) Releasing Shipper's posting of a Release Request shall specify the beginning and

ending dates of the Bidding Period, which shall be for a minimum of:

 

(i) one business day for Release Requests with a term of three months or less;

 

(ii) five business days for Release Requests with a term of more than three months.

 

d) Within twenty four hours after the close of the Bidding Period, Transporter shall

notify any Prearranged Bidder of any competing bid that has either (i) an economic

value determined in accordance with Releasing Shipper's Standard, or (ii) a present

value determined in accordance with Transporter's formula, as applicable, that is

higher than that of the bid by the Prearranged Bidder. The Prearranged Bidder

shall have eight hours following such notification to match such higher bid for a

Release Request of three months or less, and twenty four hours following such

notice to match such higher bid for a Release Request with a term of more than

three months.

 

8. Reassignment of Released Capacity

 

A Replacement Shipper shall be allowed to release the capacity under its Released

Transportation Agreement, provided that the re-release is not inconsistent with the

original Releasing Shipper's release request. Replacement Shipper seeking to re-release

capacity will be subject to the same terms and conditions set forth in this Article that

apply to Releasing Shippers as well as any limitations established in the original

release of capacity.