Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 06/19/2003, Docket: RP03-213-000, Status: Effective

Original Sheet No. 1419 Original Sheet No. 1419 : Superseded

 

GENERAL TERMS AND CONDITIONS

Section 7

(Continued)

 

(d) Gulf South will accept bids for FSS capacity through an

interactive auction conducted through its Internet Web Site.

If more than one Package of capacity has been noticed for

auction, a separate auction will be conducted for each

Package. The Packages will be auctioned within specified

sequential time periods as set forth in the notice.

 

(e) The FSS auction process shall work as follows:

 

(1) Each bid must include:

 

(a) the Bidder's name

(b) the rate per Dth per year

(c) the desired amount of capacity

 

(2) All bids will be posted on Gulf South's Web Site,

however, the identity of the Bidder will not be

disclosed.

 

(3) All bids shall be binding on the Bidder. A bid can be

withdrawn during the bidding period.

 

The following changes to a bid will also be allowed:

 

(a) increase in rate

(b) increase in capacity desired

(c) decrease in capacity desired

 

(4) Gulf South reserves the right to reject any bid which

would require it to offer FSS service below the

minimum acceptable bid.