Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 05/05/2003, Docket: RP03- 64-000, Status: Suspended

First Revised Sheet No. 3605 First Revised Sheet No. 3605 : Suspended

Superseding: Original Sheet No. 3605

 

GENERAL TERMS AND CONDITIONS

Section 29

(Continued)

 

e) Posting Requirements

 

All capacity release transactions of more than

31 days and less than one (1) year are subject

to the posting and bidding requirements set

forth in paragraph (B)(1). For transactions of

31 days or less, shippers may enter into

prearranged deals that are not subject to such

posting and bidding requirements; however, any

rollovers or the continuation of such deals

will be subject to the posting and bidding

requirements set for the in paragraph (B)(1).

Any prearranged deal for one (1) year or longer

at the maximum rate is exempt from the posting

and bidding requirements; however, prearranged

deals at less than maximum rate are subject to

posting and bidding requirements set forth in

paragraph (B)(1).

 

(C) Allocation of Released Capacity

 

The Capacity Release timeline is applicable to all parties

in the capacity release process provided that 1) all

information provided by the parties to the transaction is

valid and the replacement Customer has met the requirements

of Section 5 before the capacity release bid is tendered and

2) there are no special terms or conditions to the release.

All stated times are Central Clock Time.

 

The procedures set forth in this section shall not apply to

a Prearranged Customer that agrees to pay the maximum rate

for released capacity and agrees to all other terms and

conditions of the release. Gulf South shall be entitled to

reject any bid which does not match the minimum term, if

any, set forth in the release notice.