Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 05/14/2010, Docket: RP10-601-000, Status: Effective

First Revised Sheet No. 1418 First Revised Sheet No. 1418

Superseding: Substitute Original Sheet No. 1418

 

GENERAL TERMS AND CONDITIONS

Section 7

(Continued)

 

7.10 Requests for Firm Storage Service

 

(a) Customers seeking Firm Storage Service under Rate

Schedules FSS-B or FSS-M must submit a Request for

Service pursuant to the requirements of Sections 7.4

(excluding the bidding procedures set forth in 7.4(a) and

(b)), 7.5, and 7.6 of these General Terms and Conditions.

 

(b) Prior to August 1, 2003, any firm storage capacity sold

by Gulf South under Rate Schedule FSS-M will be posted

for bid pursuant to the terms of Section 7.4(a) and (b)

of these General Terms and Conditions.

 

(c) On or after August 1, 2003, Gulf South shall auction

available FSS-M Capacity pursuant to the procedures set

forth below in Section 7.10(d) - (j).

 

(d) Gulf South shall auction available FSS-B and FSS-M

capacity (in this section referred to collectively as

FSS) that is not subject to the right of first refusal

procedures in Section 30 hereof via its Internet Web

Site. Gulf South will post on its Internet Web Site

either its intention to initiate or that a Customer has

requested Gulf South to initiate an interactive auction

for its firm storage capacity. In no instance will this

notice be less than 48 hours prior to the commencement of

the auction. If a Customer requests an auction, the

Customer will agree on a term and the minimum acceptable

price for the capacity before the auction will be posted.

This notice will outline the auction start time(s) and

date and will include the following information for each

Package of capacity subject to auctions:

 

(i) the rate schedule for this service;

(ii) the quantity;

(iii) the injection and withdrawal rights;

(iv) the term of the Package of capacity

subject to that auction.

 

 

(e) Before a Potential Customer ("Bidder") can submit a bid,

it must have satisfied Gulf South's credit requirements

as set forth in Section 5 of these General Terms and

Conditions.