Gulf States Transmission Corporation

Original Volume No. 1

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Effective Date: 12/01/2008, Docket: RP09-60-000, Status: Effective

First Revised Sheet No. 58L.01 First Revised Sheet No. 58L.01

Superseding: Original Revised Sheet No. 58L.01

 

GENERAL TERMS AND CONDITIONS (continued)

 

 

(d) With respect to any pre-arranged release which is not subject to an

open season, the Releasing Shipper shall post notice not later than 9:00 a.m.

CCT on the day of scheduling, and Transporter will post the contract number by

10:00 a.m. CCT.

 

23.8 Bids for Released Capacity. A bid may be submitted to Transporter by a

Bidding Shipper at any time during the open season via Transporter's

Interactive Internet Website.

 

(a) Each bid for released capacity must include the following:

 

(i) Bidding Shipper's full legal name, company Dun and Bradstreet number,

address, and the name and title of the individual responsible for authorizing

the bid;

 

(ii) the term of the proposed acquisition;

 

(iii) the maximum reservation charge(s), including surcharge(s),

Bidding Shipper is willing to pay for the capacity;

 

(iv) the volume desired and any minimum acceptable volume;

 

(v) whether or not the Bidding Shipper is an affiliate of the

Releasing Shipper;

 

(vi) whether the bid is a contingent bid and the contingency which must be

satisfied before the date specified by the Releasing Shipper pursuant to Section

23.3(p) above; and

 

(vii) all other information requested by the Releasing Shipper.

 

(b) Any bid received by Transporter during the open season shall be

posted on Transporter's Interactive Internet Website (excluding Bidding

Shipper's name). The posting shall indicate if the bid is a contingent bid. Any

bid may be withdrawn by such Shipper at any time prior to the close of the

open season. However, once a bid is withdrawn, such Shipper may only resubmit a

bid at a rate higher than or equal to the original rate. A Bidding Shipper may

not submit multiple bids for the same package of capacity and may not have more

than one bid posted at a given time for such package of capacity.