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

Fourth Revised Sheet No. 178 Fourth Revised Sheet No. 178

Superseding: Third Revised Sheet No. 178




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



(2) Stingray's term sheet shall contain any and all

terms of the bid but shall not identify the bidder;