Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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

Third Revised Sheet No. 1410 Third Revised Sheet No. 1410 : Effective

Superseding: Second Revised Sheet No. 1410

GENERAL TERMS AND CONDITIONS

Section 7

(Continued)

 

(v) Awarding of Discounted Capacity:

 

The bid that offers the highest per Dekatherm rate

for some or all of each primary pair MDQ shall be

deemed to be the "best bid". The "best bid" for each

primary point pair MDQ will be presented to the

Customer submitting the original service request

("Original Customer"). The Original Customer will

have the opportunity to match the "best bid" before

4:00 p.m., Central Time, of the second business day

following the close of the Bid Period. If the

Original Customer timely matches the "best bid", or

if no "best bid" is submitted, Gulf South shall enter

into a service agreement with this Original Customer.

If the Original Customer does not match the "best

bid", Gulf South shall enter into a service agreement

with the Customer that submitted the "best bid"

("Bidding Customer").

 

(vi) Bidding on Maximum Rate Requests:

 

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

during the bid period, bids which increase the term

of the request by at least monthly increments may be

submitted. A bid must include the term and may

include a lesser MDQ. The posted MDQ cannot be

increased. 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 bid for a lesser term.

 

(vii) Awarding Maximum Rate Requests:

 

The bid that offers the longest service agreement

term shall be deemed to be the "best bid". The "best

bid" for each primary point pair MDQ will be

presented to the Customer submitting the original

service request ("Original Customer"). The Original

Customer will have the opportunity to match the "best