Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 06/01/2000, Docket: RP00-268-000, Status: Effective

First Revised Sheet No. 112 First Revised Sheet No. 112 : Effective

Superseding: Original Sheet No. 112

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 18.6(d) (continued)

 

and the Prearranged Bidder satisfies all of the

requirements of Section 18.6(e)-(g) below, the

Prearranged Bid will be deemed the "best bid".

The COMPANY shall thereafter post on Company's

Internet Web Site, as set forth in Section 18.3(c)

above, the identity of the Prearranged Bidder, and

the terms upon which the capacity was released.

In all other situations, the Prearranged Bid shall

constitute the minimum bid price for all other

bidders, and shall be posted on the RELEASING

SHIPPER's Offer as such. If the COMPANY does not

receive any better bid by the date on which all

bids are due, the Prearranged Bid shall be deemed

the best bid. If the COMPANY does receive a

better bid by the date on which all bids are due,

the Prearranged Bidder shall have the right to

match the terms of the better bid by the deadline

established in Section 18.6(a) above. If the

Prearranged Bidder matches the better bid, the

Prearranged Bidder shall be deemed to have made

the best bid.

 

(e) Prequalified Bidder Requirements:

 

(1) All parties desiring to bid on firm capacity

offered by a RELEASING SHIPPER must be

prequalified by COMPANY as creditworthy in

order to be eligible to submit a bid on an

offer of released capacity. Unless the

COMPANY agrees it has already determined the

bidder to be creditworthy or to have suitable

credit on file with COMPANY, the potential

bidder must submit to COMPANY the information

set forth in Section 2.1(a)(xi) hereof to

enable COMPANY to determine the party's

creditworthiness. A bidder's

creditworthiness shall be assessed on the

same basis as a SHIPPER's creditworthiness

under the terms of