Overthrust Pipeline Company

First Revised Volume No. 1-A

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Effective Date: 03/18/1999, Docket: RP98-406-000, Status: Effective

Second Revised Sheet No. 44 Second Revised Sheet No. 44 : Superseded

Superseding: Sub First Revised Sheet No. 44

 

 

GENERAL TERMS AND CONDITIONS

 

(a) Present value formula:

 

(Monthly Reservation Charge ) x [1-(1+i)-n ]=Present Value

( Per Unit ) [ i ] per Unit

 

Where: i = interest rate per month, i.e., overall

rate of return divided by 12 months.

 

n = term of the agreement, in months.

 

(b) If two or more firm Shippers have the same

present value and Overthrust's capacity is insufficient to

serve the Shippers, capacity will be allocated pro rata

based on requested RDC between these firm Shippers.

 

(c) Overthrust is not obligated to award

capacity unless a bid meets the rates, terms and conditions

specified in Overthrust's notice.

 

(d) To document the award of the capacity to

the successful bidding Shipper, Overthrust will place a

service agreement between Overthrust and the bidding Shipper

on the EBB conforming to the terms of the Shipper's bid.

Since the bidding shipper is bound by its bid, no further

shipper acceptance will be required.

 

7.9 Requests for Discounts. If Shipper submits a

request or bid for service at a discounted rate and

Overthrust is not offering the requested service at a

discount, Shipper's request or bid shall become invalid upon

Overthrust's notification to Shipper and shall thereafter be

deemed a nullity for all purposes. Overthrust is not

required to accept a bid or request, or provide a service

agreement, for any service that is requested or bid at less

than the posted minimum acceptable rate for the posted

uncommitted firm capacity.

 

7.10 Notice of Completed Transaction. Within one

business day after capacity has been awarded, Overthrust

shall post the following information regarding each

transaction on its EBB for a period of 30 days:

 

(a) The name of the Shipper and the transaction

number.

 

(b) Whether or not the Shipper is an affiliate

of Overthrust.