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.