Carolina Gas Transmission Corporation

Original Volume No. 1

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Effective Date: 08/06/2007, Docket: RP07-519-000, Status: Effective

First Revised Sheet No. 131 First Revised Sheet No. 131 : Effective

Superseding: Original Sheet No. 131

(b) Bidding.

(1) All bids shall be submitted to Pipeline

electronically through the Internet Website.

(2) All Bidders shall comply with the creditworthiness

provisions in GT&Cs Section 3. Bidders must submit a

Service Request for pre-qualification in order to

expedite the award process.

(3) The value of a Negotiated Rate bid shall not exceed

the applicable Recourse Rate.

(4) Bids remain binding through the end of the bid period

unless withdrawn by Bidder. Bidder may make an

upward revision to or withdraw its bid during the bid

period; provided, however, that a Prearranged Shipper

may elect to match the best bid(s) after the close of

the bid period. Bidder shall not use its ability to

withdraw its bid in order to submit a lower bid.

(c) Awarding.

(1) Within two (2) Business Days following the bid

closing date, Pipeline will determine the winning

bid. Bids will be evaluated based on the method

specified by Pipeline in its posting.

(2) Bids that, if awarded, would incur incremental costs

to Pipeline shall be reduced by such incremental

costs.

(3) Subject to Section 4.8 and any Right of First

Refusal, capacity will be awarded to the Bidder(s),

including a Prearranged Shipper, submitting the

bid(s) with the highest value under the method

specified in Pipeline’s posting, provided that

Pipeline will consider the aggregate value of more

than one (1) bid if the combined quantity of capacity

under those bids does not exceed the maximum capacity

available for subscription.

(4) If a tie exists, Pipeline will allocate the available

capacity pro rata, based on requested quantity, to

each tying Bidder that has indicated in its bid a

willingness to accept a proportionate share of such

capacity. A bid to pay the maximum rate as it may

vary from time to time for a given term will be

deemed superior to a bid to pay a specified dollar

rate equal to the maximum rate.