Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 12/20/1998, Docket: CP96-159-006, Status: Effective

Original Sheet No.125 Original Sheet No.125 : Effective

GENERAL TERMS AND CONDITIONS (cont'd)

19.6 Offer and Bid Procedures - (cont'd)

(a) - (cont'd)

(ii) Once a RELEASING SHIPPER's Offer is posted,

it is considered binding and may not be

withdrawn by the RELEASING SHIPPER during the

term of the posting period except where

unanticipated circumstances justify the

withdrawal of the Offer and no minimum bid

has been posted.

(iii) A RELEASING SHIPPER should not be able to

specify an extension of the original bid

period or the pre-arranged deal match period,

without posting a new release.

(b) Minimum Posting Period: A RELEASING SHIPPER's

Offer shall be posted for a period to be

established by the RELEASING SHIPPER in its Offer

subject to the minimum requirements pursuant to

Section 19.9.

(c) RELEASING SHIPPER's Offer: A RELEASING SHIPPER's

Offer shall be considered complete, inter alia, if

the following standard information is included:

(i) the name of the RELEASING SHIPPER, and the

name, telephone number and facsimile number

of a contact party for the RELEASING SHIPPER;

(ii) the contract number(s) of the RELEASING

SHIPPER's Service Agreement(s);

(iii) if capacity which is proposed to be released

from an FT-2 TSA will be available for

subsequent service under Rate Schedule FT-2,

FT-1 or either;

(iv) whether the release is permanent or

temporary;

(v) if a temporary release,

(A) whether the release is firm or subject

to a right of recall;

(B) if subject to recall, the identifiable

conditions(s) precedent upon which the

recall right will be asserted;