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. 132 First Revised Sheet No. 132 : Effective

Superseding: Original Sheet No. 132

(5) Pipeline will reject bids that: (i) impact

detrimentally the operational integrity of Pipeline’s

system; (ii) do not satisfy all the terms of the

specified posting; (iii) contain terms and conditions

other than those in this Tariff; (iv) do not comply

with GT&Cs Section 3 creditworthiness requirements;

(v) contain contingencies that cannot be removed

within a time frame acceptable to Pipeline; or (vi)

result in incremental costs.

(6) If a Prearranged Shipper does not submit a matching

bid within fifteen (15) Business Days after

notification from Pipeline of the best bid(s),

Pipeline will award the capacity to the Bidder(s)

with the best bid(s), beginning with the best bid

first if multiple bids meet the minimum conditions

stated in Pipeline’s posting. If Prearranged Shipper

matches the best bid(s) within such time, the

capacity will be awarded to Prearranged Shipper.

(7) Prior to the commencement of service, Pipeline and

each successful Bidder will execute a new Service

Agreement or amendment to an existing Service

Agreement that confirms the terms of the bid(s) for

the available capacity.

(d) Capacity that is not awarded will be made available under

Section 4.1.

4.6 Right of First Refusal.

(a) Upon expiration of any Long Term Service Agreement at the

Recourse Rate or, if Shipper’s Service Agreement specifies

that a Right of First Refusal shall apply, Shipper will

have a Right of First Refusal to retain such firm capacity

by complying with the bidding procedures in this Section 4.

Unless otherwise agreed to by Pipeline and Shipper, a Right

of First Refusal does not attach to a Service Agreement

with a Negotiated Rate under GT&Cs Section 29. A Right of

First Refusal does not attach to a Service Agreement for

Interim Capacity.

(b) No later than 180 days prior to the expiration of a Long

Term Service Agreement, Pipeline shall post Shipper’s

capacity for bidding. The capacity will remain posted on

the Internet Website for a minimum of 20 days.