Gulf South Pipeline Company L P
Sixth Revised Volume No. 1
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Effective Date: 05/14/2010, Docket: RP10-601-000, Status: Effective
Third Revised Sheet No. 3708 Third Revised Sheet No. 3708
Superseding: Second Revised Sheet No. 3708
GENERAL TERMS AND CONDITIONS
Section 30
(Continued)
(e) If the original Customer timely matches the Winning Bid,
Gulf South will provide the new service agreement to the
Customer before the close of the next business day after
the capacity has been awarded. Within 5 business days
following the day capacity is awarded, the Customer and
Gulf South shall execute a new service agreement setting
forth the terms and conditions of the Winning Bid. Such
service agreement shall be effective as of the day
following the expiration of the expiring service agreement.
If the Customer does not execute a new service agreement
within five (5) business days, the existing service
agreement shall terminate at the end of its term and
service to the Customer shall be automatically abandoned.
If the Customer fails to timely execute a service
agreement, it will be required to pay the difference
between the contract rate (as established by the Winning
Bid) and the price received for the capacity when it is
resold in a subsequent auction multiplied by the volumes
the Customer matched. Such minimum acceptable rates shall
be posted at the close of the entire auction process for
all of the Packages.
(f) If the Winning Bid is only for a portion of the Package,
the Customer must match the rate(s) per Dth for the Winning
Bid(s); however, the Customer may match a lower amount of
capacity. If the Customer matches a lower amount of
capacity, the Customer's matching price will be determined
based upon the Winning Bid(s) it elects to match.