Dauphin Island Gathering Partners

First Revised Volume No. 1

Effective Date: 02/09/2003, Docket: RP03-233-000, Status: Effective

First Revised Sheet No. 203 First Revised Sheet No. 203 : Effective

Superseding: Original Sheet No. 203

posting period. Each bid shall contain the term for which the

capacity is sought and the percentage of the Maximum Rate

applicable to Rate Schedule FT-1 (MP) or FT-1 (DI) which the

bidder is willing to pay for the capacity, not to exceed 100% of

the Maximum Rate.

18.3 Selection of Best Bid:

If Transporter receives one or more bids for the capacity, and it

does not reject all bids as provided below, the bid, or

combination of bids, which represents the largest present value of

the product of capacity and rate contained in each bid will be the

"best bid". Transporter reserves the right to reject any bid

which is for less than 100% of the Maximum Rate applicable to Rate

Schedule FT-1 (MP) or FT-1 (DI).

18.4 Existing Shipper's Review:

Transporter will notify the party(ies) who submitted the best

bid(s) that their best bid(s) is subject to the existing Shipper's

review and post notice of the best bid(s) on its EBB. Transporter

will notify the existing Shipper of the best bid(s) received, and

such Shipper shall have the time period specified in the above

schedule (under the column labeled "Existing Shipper's Review

Period") within which it must match the rate and contract term

offered in the best bid(s) in order to retain its firm capacity.

18.5 Continued/New Service:

(a) If Shipper elects to match the best bid, Transporter and

Shipper will enter into a new Transportation Service

Agreement reflecting the terms of the best bid(s).

Transporter will notify the party(ies) who submitted the

best bid(s) that Shipper has elected to match the best

bid(s) and will post notice of such on its EBB.

(b) If Shipper elects not to match the best bid(s), Shipper's

existing Transportation Service Agreement will be subject to

pregranted abandonment upon its effective termination date

and Transporter will enter into a new Transportation Service

Agreement(s) of even date with the party or parties offering

the best bid(s) which shall reflect the conditions of the

best bid(s). Transporter will post notice of Shipper's

election not to match the best bid(s) on its EBB.