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

Second Revised Sheet No. 164 Second Revised Sheet No. 164

Superseding: First Revised Sheet No. 164

GENERAL TERMS AND CONDITIONS

below its Minimum Bid Volume, then such below-

minimum Qualified Bids shall be discarded in

their entirety and the Capacity Release Request

capacity shall instead be allocated on a pro

rata basis (based on the Maximum Bid Volume of

each Qualified Bid) among the remaining

Qualified Bid(s).

(3) In the event that the previous Section

16.10(d)(2) pro rata allocation procedure does

not result in a single winning combination of

Qualified Bid(s) with the Winning Bid Value,

then Section 16.10(d)(2) shall be disregarded

and the winning Qualified Bid(s) shall be

determined in the following manner:

(A) Identify the highest individual Maximum

Bid Volume for a Qualified Bid which,

alone or in combination with other

Qualified Bid(s), can create the Winning

Bid Value. Discard all Qualified Bid

combinations which do not contain a

Qualified Bid with such highest Maximum

Bid Volume. Identify the highest volume

which can be allocated to such Qualified

Bid with such highest Maximum Bid Volume

in the remaining combinations and still

have the Winning Bid Value. Discard all

combinations of Qualified Bid(s) which do

not contain the highest such volume

allocation. If this does not break the

tie, then repeat the above procedure

looking to the next highest Maximum Bid

Volume, with the highest volume allocated

thereto, within each remaining combination

of Qualified Bid(s) with a Winning Bid

Value; and so forth, until the tie is

broken or all Qualified Bids in the

remaining combinations are reviewed.

(B) If the above does not break the tie,

identify again the Qualified Bid within

each remaining combination with the

highest Maximum Bid Volume and the highest

volume allocated to such