GENERAL TERMS AND CONDITIONS
                           (Continued)
   
6.8     Bidding (continued)
   
              4.  Minimum capacity or minimum percentage of the
total posted
              capacity which bidder is willing to accept;
   
              5.  Contingencies, if any.
   
         (b)  Bid amounts.  All bids must be submitted in amounts
which a
bidder agrees to pay to Transporter for the right to receive firm
service,
including undiscounted reservation surcharges, if applicable.
Such bids will
exclude Transporter's commodity charges and commodity surcharges
applicable to
such service included in Transporter's rates, which rate
components must be
paid to Transporter by the successful bidder in addition to the
bid amounts.
Unless Transporter is willing to consider Negotiated Rate bids,
the maximum
rates which may be bid will be the maximum tariff rates as they
may vary from
time to time for the applicable service.  The minimum rates which
may be bid
will be the minimum tariff rates as they may vary from time to
time for the
applicable service, or the minimum rates Transporter specifies on
the posting,
which will never be less than the minimum tariff rates.
   
         (c)  Withdrawal of bid.  A bidder may withdraw its bid
at any time
prior to close of the bid period; provided, however, that if the
bidder is a
pre-arranged Shipper, it may not withdraw its bid.  A bidder that
withdraws
its bid may not then submit another bid with a lower economic
value for the
same capacity.
   
         (d)  Creditworthiness.  All bidders must comply with
Section 3 of
Rate Schedule FT.  Bidders must submit a request for
prequalification for
credit in order to expedite the award process.  If, on or before
the bid close
date, a bidder fails to pre-qualify for a credit limit equal to
or greater
than the economic value of its bid, Transporter may disregard
such bid and,
subject to Section 6, choose the bid with the next highest
economic value
submitted by a creditworthy bidder.
   
6.9     Awarding
   
         (a)  As soon as reasonably practical, but no later than
five (5)
business days following the bid close date, Transporter will
evaluate the bids
received and determine the winning bid, subject (where
applicable) to Section
6.  Bids will be evaluated based on the net present value of the
bid for all bid periods of 72 hours or less.  For bid periods
longer than 72 hours, bids will be evaluated based on either the
net present value or the alternative criteria for determining
economic value that is specified by Transporter in its posting.