Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 01/01/2008, Docket: RP08- 77-000, Status: Effective

Fifth Revised Sheet No. 3607 Fifth Revised Sheet No. 3607 : Effective

Superseding: Fourth Revised Sheet No. 3607

GENERAL TERMS AND CONDITIONS

Section 29

(Continued)

 

(d) If the releasing Customer specifies a bid evaluation

methodology other than highest rate, net revenue or

present value, the above timeline for evaluating bids

and awarding capacity shall not apply. Gulf South

shall use the following timeline for such non-

qualifying releases:

 

Term of Service Bid Period

< 1 Month 24 Hours

> 1 Month and < 3 Months 2 Business Days

> 3 Months and < 1 Year 5 Business Days

> 1 Year 10 Business Days

 

Once the Replacement Customer has been determined by

the bid process, the Replacement Customer must

execute a service agreement within two (2) business

days of its tender by Gulf South. Such tender may be

made by telecopy. If the Replacement Customer fails

or refuses to execute the service agreement within

two (2) business days of tender, Replacement Customer

shall forfeit all right and entitlement to the

subject released capacity. If a Replacement Customer

fails to timely execute a service agreement as

required herein the Releasing Customer's release

notice shall be withdrawn from the Internet Web Site.

In such case, if the Releasing Customer still desires

to release any or all of the subject capacity, it

must submit a new release notice for posting on the

Internet Web Site in accordance with all procedures

and requirements of this Section 29.

 

(2) If there are multiple bids meeting the minimum

conditions, Gulf South shall rank the bids and award

the capacity, best bid first, until all offered

capacity is awarded.