Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

 Contents / Previous / Next / Main Tariff Index

Effective Date: 06/01/2000, Docket: RP00-271-000, Status: Effective

First Revised Sheet No. 127 First Revised Sheet No. 127 : Effective

Superseding: Original Sheet No.127

GENERAL TERMS AND CONDITIONS (cont'd)

19.6 Offer and Bid Procedures - (c) (cont'd)

(xiii) if bids for capacity to be released from FT-

1 Transportation Service Agreements on a

volumetric rate basis are acceptable, whether

the volume bid is a minimum daily throughput

commitment for billing purposes, i.e. the

ACQUIRING SHIPPER's monthly bill and the

RELEASING SHIPPER's monthly credit will be no

less than the volume bid multiplied by the

volumetric rate bid multiplied by the number

of days in the month that the release was in

effect;

(xiv) whether bids may be submitted that are

contingent on (i) the the award of upstream

or downstream capacity on another pipeline

system, (ii) the success or failure of

another bid for capacity on Transporter's

Facility effective the same date/bid, or

(iii) any other type of contingency specified

in the Offer; the deadlines for removing any

such contingencies pursuant to Section 19.9;

(xv) the economic criteria to be utilized by

Transporter in determining the "best bid"

shall be one of the following (i) highest

rate, (ii) net revenue, or (iii) present

value. If the releasing Shipper does not

specify the criteria, Transporter shall use

the Present Value Calculation as set forth in

Section 19.6(i) herein to determine the best

bid; and

(xvi) a nondiscriminatory tie breaker to be

utilized in determining the "best bid" in the

event two or more bids generate the same

result.

The following information shall be supplied by

Transporter with each Offer: (i) the maximum

reservation charge (and reservation surcharges)

applicable to the capacity being released, (ii) the

maximum reservation charge (and reservation

surcharges) converted to a 100% load-factor

volumetric rate if Offer allows bids on a

volumetric rate basis, (iii) the date and time the

Offer was posted on the Interactive Internet

Website, and (iv) the date and time the bid period

ends.