Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-301-000, Status: Effective

Second Revised Sheet No. 3600 Second Revised Sheet No. 3600

Superseding: First Revised Sheet No. 3600

GENERAL TERMS AND CONDITIONS

Section 29

29. CAPACITY RELEASE

29.1 Capacity Release

This Section sets forth a firm capacity release mechanism under

which a Releasing Customer may release all or part of its firm

capacity to Gulf South for assignment to a Potential Customer or

a Prearranged Customer that submits the "best bid" for the

released capacity and enters into a service agreement with Gulf

South. A Releasing Customer may release its firm capacity on

Gulf South only under this Section. Capacity Release under this

section is governed by Section 284.8 of the Commission's

Regulations.

The rate charged to the Replacement Customer for a release of

firm transportation capacity may not exceed the applicable

maximum rate, except that no rate limitation applies to the

release of capacity for a period of one year or less if the

release is to take effect on or before one year from the date on

which Gulf South is notified of the release. Firm storage

service on Gulf South is subject to market based rates and no

maximum rate applies.

The following categories of capacity release are exempt from

bidding requirements: (1) a release of capacity to an asset

manager as defined in 18 C.F.R. Section 284.8(h)(3) ("Asset

Manager"); (2) a release of capacity to a marketer participating

in a state-regulated retail access program as defined in 18

C.F.R. Section 284.8(h)(4) ("Retail Access Marketer"); (3) a

release for more than one year at the maximum tariff rate; and

(4) a release for any period of 31 days or less (non-rollover).

(A) Capacity Eligible for Release

(1) A Releasing Customer may make eligible for release,

capacity which is held pursuant to either subpart B

or subpart G of Part 284 of 18 C.F.R.

(2) A Customer receiving firm transportation service

including the transportation and storage component of

NNS is permitted to release its firm capacity, in

whole or in part, on a permanent or temporary basis,

and on a firm or recallable basis; provided, however,

such capacity may only be released to the extent and

at such time as Gulf South enters into a service

agreement with a Replacement Customer.

(B) Notice Required by Releasing Customer and Gulf South

(1) Notice by Releasing Customer

A Releasing Customer that desires to release any or

all of its firm capacity must notify Gulf South via

the Internet Web Site that it seeks to release such

capacity and the terms and conditions of such

release. Such release notice shall include the

following information: