Stingray Pipeline Company

Third Revised Volume No. 1

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Effective Date: 08/01/2001, Docket: RP01-473-000, Status: Effective

Third Revised Sheet No. 178 Third Revised Sheet No. 178 : Effective

Superseding: Second Revised Sheet No. 178

GENERAL TERMS AND CONDITIONS

effective service. Any notice specifying

a decrease in MDQ in total or at any point

shall not affect the existing Agreement

during its remaining term.

(c) Within fifteen (15) days after receipt of a

notice under Section 18.2(b), Stingray

shall post on its Internet Web Site an

Announcement of Capacity Availability

Subject to Right of First Refusal (Capacity

Announcement) which shall: (1) specify the

original Shipper's service rights; (2)

indicate the availability of such service

as of the date the existing Agreement

expires, subject to the Right of First

Refusal; (3) state the maximum rate

applicable to such service; (4) set out any

other information required by this Section;

and (5) solicit bids for such service.

Such Capacity Announcement shall be

maintained, and bids accepted via the

Interactive Internet Website, for a period

of one (1) month from the initial posting.

(d) (1) Within one (1) week after the end of

the one month period during which the

Capacity Announcement is posted, Stingray

shall convey to the original Shipper a term

sheet for the best bid (based on price and

term) which would qualify for such service

in all respects (including meeting

applicable credit criteria), which is a

bona fide bid and which Stingray is willing

to accept. Stingray may, but is not

required to, accept any bid which reflects

a discount from the applicable maximum

rate. In assessing which is the best bid

if more than one bid is received, Stingray

shall apply the same criteria utilized to

evaluate bids under the Capacity Release

Program (except that contract terms in

excess of five years shall not increase the

value of any bids). If a bid is received

for a Negotiated Rate or Negotiated Rate

Formula pursuant to Section 34 of these

General Terms and Conditions which would

result in a higher value for that bid than

if the Recourse Rate was used, the value of

the bid shall be assessed utilizing the

Recourse Rate in lieu of the Negotiated

Rate or Negotiated Rate Formula consistent

with said Section 34.

(2) Stingray's term sheet shall contain

any and all terms of the bid but shall not

identify the bidder; provided, however,

such bid sheet shall indicate if the best

bid was submitted by an affiliate of

Stingray. Except for the providing of

such term sheet to the original Shipper,

all terms and conditions of any bid and

the identity of the bidder shall remain

confidential; provided that the Commission

may on request have access to such

information on a confidential basis.