Gulf States Transmission Corporation

Original Volume No. 1

Effective Date: 12/02/2005, Docket: RP06- 76-000, Status: Effective

Third Revised Sheet No. 19 Third Revised Sheet No. 19 : Effective

Superseding: Second Revised Sheet No. 19

RATE SCHEDULE FT

Firm Transportation Service (Continued)

7.5

(continued)

(1)(a) Transporter shall not be required to continue to

provide credit, perform or continue service to any

Shipper who is or has become insolvent or who fails to

demonstrate creditworthiness on an ongoing basis.

(2)(b) At any time Transporter may require any Shipper to demonstrate creditworthiness by

providing additional credit information, including updates of the materials described above. If

a Shipper fails to demonstrate creditworthiness at that

time, the Shipper may still obtain or continue to

receive service hereof if it provides to Transporter one

of the following:

(i) a standby irrevocable letter of credit drawn upon

a bank acceptable to Transporter, in an amount

acceptable to Transporter;

(ii) a guaranty of payment of all Shipper's obligations

by a person or entity which does satisfy the

credit appraisal; or

(iii) prepayment of the sum of two (2) months of the

revenues Transporter would receive if Transporter

were performing such service of the Transportation

Demand.

7.6 Transporter shall not be required to perform service under this Rate

Schedule unless and until all facilities necessary to render the

requested service have been constructed and placed in service.

8. PROCEDURES USED TO PROVIDE GENERAL INFORMATION TO SHIPPERS AND POTENTIAL

SHIPPERS

(a) Information regarding Transporter's maximum and minimum rates for

firm transportation services, general rate discounting advisories,

gas scheduling or allocation procedures and other general

announcements pertaining to transportation services will be made

available to all Shippers and potential Shippers by electronic means

on twenty-four hour basis on Transporter's Interactive Internet

Website.

(b) Shippers and potential Shippers will be notified by ordinary U.S.

mail of any general firm transportation service announcements.

Overnight delivery of this