Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

Effective Date: 12/31/2000, Docket: GT01- 6-000, Status: Effective

Original Sheet No. 2706 Original Sheet No. 2706 : Effective

GENERAL TERMS AND CONDITIONS

Section 20

(Continued)

(E) (i) Crediting of Revenue - Gulf South will use an annual

period beginning April 1 and ending March 31 to

determine the balance of the cash-in/cash-out

program. Gulf South will file a report with the FERC

by June 1 following the close of each annual period

determining whether a refund is due shippers.

Any excess cash remaining in the cash pool after this

annual period will be refunded to shippers by June 30

pro rata based on transportation throughput for the

applicable annual period. Any deficiency of cash

shall be carried forward in the cash pool during the

next annual period.

(ii) Interest will be calculated on the balance in the Cash

Pool in accordance with Section 154.501(d) of the

Commission's Regulations. In the event of a refund,

this amount will be refunded to shippers. In the

event of a loss carry forward, this amount will carry

forward to the next annual period.

(iii)Gulf South will carry forward any excess cash amount

less than $50,000.

(F) (i) Purchases from marketing affiliate - If Gulf South

purchases gas from its marketing affiliate, for the

purpose of balancing its system, and uses revenues

generated from the cash-in/cash-out program, these

purchases must be credited against the monies

received from the shippers under the program at the

lower of 100 percent of the "sell" Index price or the

actual cost of the gas.