Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-322-000, Status: Effective

Third Revised Sheet No. 38 Third Revised Sheet No. 38

Superseding: Second Revised Sheet No. 38

GENERAL TERMS

AND CONDITIONS

7.0 FIRM CAPACITY RELEASE UNDER ORDER NO. 636 (Cont'd)

7.5 Best Offer Evaluation

(a) When Chandeleur receives multiple bids for a package of

capacity, it is necessary that Chandeleur have a known

method of evaluating these bids in order to determine which

is the best bid. The following evaluation methodologies

will be supported by Chandeleur and provided to a releasing

Shipper from which they may select:

(1) highest rate;

(2) net revenue; and

(3) present value.