Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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

First Revised Sheet No. 135 First Revised Sheet No. 135 : Effective

Superseding: Original Sheet No.135

GENERAL TERMS AND CONDITIONS (cont'd)

19.6 Offer and Bid Procedures - (cont'd)

(l) If no bids are submitted by the required deadline

pursuant to Section 19.9, the RELEASING SHIPPER's

Offer shall be removed from Transporter's

Interactive Internet Website and the RELEASING

SHIPPER notified that no bids were received.

19.7 Billing and Payment:

(a) An ACQUIRING SHIPPER receiving capacity released

from an FT-1 Transportation Service Agreement

(TSA) shall be billed by Transporter and shall

make payments to Transporter in accordance with

the terms of its executed FT-1 TSA or a Temporary

Release Agreement. On the RELEASING SHIPPER's

bill for a month in which it released capacity

hereunder on a temporary basis, Transporter shall

bill the RELEASING SHIPPER the charges pursuant to

the RELEASING SHIPPER's FT-1 TSA with the Maximum

Daily Quantity (MDQ) equal to the MDQ of the

RELEASING SHIPPER prior to the release and shall

credit all the reservation charge billed by

Transporter to the ACQUIRING SHIPPER for the

released capacity; provided, however, that in the

event the ACQUIRING SHIPPER fails to pay

Transporter for any part of the amount credited to

the RELEASING SHIPPER's bill, Transporter reserves

the right to reverse the credit on the RELEASING

SHIPPER's bill in a later month up to the unpaid

amount plus interest thereon calculated pursuant

to Section 14.3. If the ACQUIRING SHIPPER fails

to pay its reservation charges pursuant to the

provisions of Section 14, the RELEASING SHIPPER

shall have the right to recall its capacity by

notifying the ACQUIRING SHIPPER and Transporter of

such recall pursuant to the provisions of Section

19.4. All reservation charge credits to the

RELEASING SHIPPER's bill pursuant to this

subsection shall be final and nonreversible upon

Transporter's receipt of full payment therefor

from the ACQUIRING SHIPPER.