Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

Original Sheet No. 161A Original Sheet No. 161A

GENERAL TERMS AND CONDITIONS

capacity award by Stingray pursuant to this Section

16, including Stingray's standard form of Agreement

covering the Rate Schedule applicable to the released

capacity and the terms and conditions of the Qualified

Bid and the Capacity Release Request, in accordance

with Stingray's Tariff.

(f) Subject to the other provisions in this Section 16, in

the event that there is no Qualified Bidder or

Prearranged Shipper for posted Eligible Firm

Transportation Agreement capacity during an open

season, no capacity release will be awarded and the

Releasing Shipper shall retain the capacity sought to

be released.

16.10 BID EVALUATION PROCEDURE

(a) Unless specifically requested otherwise by a Releasing

Shipper in its Capacity Release Request, Qualified

Bids for released capacity shall be evaluated pursuant

to Sections 16.10(b) through 16.10(g) below. Any

Qualified Bid which does not meet a minimum price

condition stated in the Capacity Release Request shall

be rejected outright. Any Qualified Bid with a

contingency must have such contingency eliminated

before 3:00 p.m. Central Clock Time following the

close of the open season, unless the Releasing

Shipper's offer has specified a later time; otherwise,

such Qualified Bid will be rejected.

(b) Stingray shall calculate a Bid Value and Unit Bid

Value for each Qualified Bid and Prearranged Release

(if any), and shall calculate the Winning Bid Value,

as follows: