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.