Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

Effective Date: 12/08/2004, Docket: RP05- 64-000, Status: Effective

Third Revised Sheet No. 1409 Third Revised Sheet No. 1409 : Effective

Superseding: Second Revised Sheet No. 1409

GENERAL TERMS AND CONDITIONS

Section 7

(Continued)

(ii) Contents of Posting:

Gulf South shall post at least 24 hours prior to the

commencement of the bidding period the valid request.

This posting shall contain each specific primary

receipt and delivery point pair and the applicable

quantity at each primary point pair expressed in

Dekatherms, the applicable rate schedule, the minimum

reservation charge if applicable, the maximum

reservation charge, the term requested and the

maximum term available (maximum rate requests only).

(iii) Bidding Period:

The valid request will be posted according to the

following schedule:

Term of Service Bid Period

< 2 years 1 business day

> 2 years 2 business days

(iv) Bidding on Discounted Capacity:

From 10:00 a.m. to 11:00 a.m., Central Time, each day

during the bid period, bids and revisions which

increase existing bids may be submitted. A bid must

include the rate and the MDQ. The posted MDQ may not

be increased and the posted term cannot be changed.

All bids are considered binding upon receipt by Gulf

South; however, a bidder may withdraw its bid prior

to the close of the Bid Period. If a bidder

withdraws a bid, it is precluded from submitting a

lower bid for the capacity.