Gulf South Pipeline Company L P

Sixth Revised Volume No. 1

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Effective Date: 10/08/2008, Docket: RP08-603-000, Status: Effective

Third Revised Sheet No. 3703 Third Revised Sheet No. 3703

Superseding: Second Revised Sheet No. 3703

 

GENERAL TERMS AND CONDITIONS

Section 30

(Continued)

 

 

(f) For NNS service, the original Customer shall have the right

to continue to receive service by notifying Gulf South, in

writing, within five (5) business days of receiving Gulf

South's notice of the Best Bid that the original Customer

agrees to match the Best Bid ("Matching Bid"). For FTS

service, the original Customer shall have the right to

continue to receive service by providing a Matching Bid to

Gulf South, in writing, within two (2) business days of

receiving Gulf South's notice of the Best Bid. If the Best

Bid is only for a portion of the service, the original

Customer must match the amount of capacity to which the

Best Bid applies. To match the Best Bid, the original

Customer must agree to all terms and conditions of the Best

Bid except as otherwise provided in Section 23.

 

If the original Customer timely matches the Best Bid, Gulf

South shall prepare a new service agreement, to be

effective on the date the existing service agreement

expires, setting forth the terms and conditions of the Best

Bid. Gulf South shall submit such service agreement to the

original Customer for execution. If the original Customer

fails to execute the new service agreement within ten (10)

business days of Gulf South's tender, the original Customer

will forfeit all right and entitlement to the subject

capacity. Gulf South shall have the ability to re-sell the

capacity, and the original Customer, which failed to timely

execute the service agreement, will be required to pay the

difference between the contract rate as established by the

Matching Bid and the price received for the capacity when

it is re-sold multiplied by the volumes of the Winning Bid.

 

If the original Customer fails to timely match the Best Bid

or does not execute the new service agreement, the existing

service agreement shall terminate at the end of its term.

Service to the original Customer shall be automatically

abandoned upon such termination.