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Original Sheet No. 1421 Original Sheet No. 1421 : Superseded

 

GENERAL TERMS AND CONDITIONS

Section 7

(Continued)

 

(g) The winning Bidder shall, within 24 hours, execute a new

service agreement setting forth the terms and conditions of

the Winning Bid. The new service agreement will be provided

to the Customer before the close of business on the day the

capacity has been awarded. If the winning Customer fails to

timely execute the new service agreement, it will be

required to pay the difference between the contract rate (as

established by the Winning Bid) and the price received for

the capacity when it is resold in a subsequent auction

multiplied by the volumes the winning Customer matched. If

the Customer fails to timely execute the new service

agreement, Gulf South shall have the ability to re-auction

the capacity.

 

(h) Gulf South shall post the results of the auction on its

Internet Web Site no later than the close of business on the

business day following the day of the auction. The posting

will include:

 

(i) name of winning Bidder(s);

(ii) winning Bid rate(s);

(iii) duration of contract;

(iv) contract quantity;

(v) injection point and withdrawal point; and

(vi) any affiliate relationship between Gulf South and

winning Bidder.