Overthrust Pipeline Company
First Revised Volume No. 1-A
Contents / Previous / Next / Main Tariff Index
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Second Revised Sheet No. 44 Second Revised Sheet No. 44 : Superseded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
(b) Whether or not the Shipper is an affiliate