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. 120 First Revised Sheet No. 120 : Effective

Superseding: Original Sheet No. 120

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 18.6(i) (continued)

 

(1) the bid submitted first in time as

established by the COMPANY's electronic date

and time stamp.

 

(2) the bid generating the greatest present value

of revenues over the shortest term;

 

(j) Determination of Unsubscribed Firm Capacity: If

COMPANY finds, after the determination of the best

bid for each Offer posted to be effective on the

same release date, that there are more best bids

for firm capacity at an upstream Delivery Point

within the capacity path than the available

unsubscribed firm capacity at said point, the

capacity shall be awarded by the COMPANY based on

the order in which the Offers were posted. If

there is insufficient unsubscribed firm capacity

to award a winning bidder its requested alternate

Delivery Point(s), it shall be awarded the firm

Delivery Point(s) set forth in the Offer as its

primary Exhibit B Delivery Point(s). Each winning

bidder may utilize all Delivery Points on

COMPANY's pipeline system on a preferred

interruptible (Exhibit B-1/secondary) basis in

accordance with Section 6.2 above. COMPANY shall

provide on Company's Internet Web Site for use

during the bid process a list of all Delivery

Points within the capacity path being offered for

release and the best available information

regarding their associated unsubscribed firm

capacities.

 

(k) Notification: Upon completion of the best bid

determination, the party submitting the best bid,

i.e. the ACQUIRING SHIPPER, shall be notified by

the COMPANY through Company's Interactive Internet

Website. The COMPANY shall further notify all

bidders through Company's Internet Web Site that a

best bid has been accepted. If the capacity was

released on a permanent basis, a firm Service

Agreement(s) between the