Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 06/09/2006, Docket: RP06-355-001, Status: Effective
Substitute Third Revised Sheet No. 3705 Substitute Third Revised Sheet No. 3705 : Effective
Superseding: Substitute Second Revised Sheet No. 3705
GENERAL TERMS AND CONDITIONS
Section 30
(Continued)
30.3 Right of First Refusal for Firm Storage Service
For the purpose of this Section 30.3, both FSS-B and FSS-M will
be referred to collectively as "FSS".
(a) Applicability: A Customer with an FSS service agreement
that has been negotiated to include a contractual ROFR may
elect to retain all or a portion of its capacity, subject
to the ROFR process as follows:
(b) For FSS service agreements with a ROFR, Gulf South shall
provide advance written notice to the Customer at least 90
days prior to the expiration of the existing service
agreement, unless agreed to otherwise; provided however,
that unless Gulf South and Customer otherwise mutually
agree such notice shall not be given earlier than (i) six
(6) months prior to expiration of a service agreement with
a term shorter than two (2) years or (ii) one (1) year
prior to expiration of a service agreement with a term of
two (2) years or greater.
(i) Within five (5) business days following the Customer
notice provided in (b) above, Gulf South will post on
its Internet Web Site its intention to initiate an
interactive auction for expiring firm storage
capacity. Gulf South will also post on its Internet
Web Site the following information:
(a) the specific quantity upon which the original
Customer has a ROFR;
(b) the expiration date of the current service
subject to the ROFR and the date of
availability for the posted service.