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Gulfstream Natural Gas System, L.L.C.
FERC Gas Tariff
Original Volume No. 1

Original Sheet No. 8.01

                                                          STATEMENT OF NEGOTIATED RATES

                 Contract     Contract        Rate        Reservation         Usage        Receipt       Delivery
      Shipper     Number        Term        Schedule       Rate 1/ 2/       Rate 1/ 2/     Points        Points          Quantity
      -------    --------     --------      --------     --------------     ---------     ---------      ---------       --------
      Florida Power Corporation 5/
                 9000105R1    12-1-2002     FTS-6% 4/      $16.729 6/         $0.02            3/         MR 450,       90,000 Dth MDQ 4/
                             to 9-1-2022                                                               MR 415, MR 410

 1/  Unless otherwise specified, the Reservation Rate is stated in $/Dth per Month.  The Commodity/Usage Rate is stated in $/Dth delivered.

 2/  In addition to the above referenced rates, Shipper shall pay all applicable charges or surcharges as set forth in Transporter's Tariff; 
     provided, however, Shipper's rate shall not exceed $0.57/Dth on a 100% load factor basis.  Shipper shall also provide a fuel and loss 
     reimbursement as reflected in Transporter's Tariff, as revised from time to time pursuant to Section 23.2 of the General Terms and 
     Conditions, provided, however, Shipper shall not be obligated to pay a Transporter's Use (%) in excess of 2-1/2%.

 3/  DIGP 20" Offshore Pipeline, Exxon/Mobil Maryann Plant, Williams Mobile Bay Processing Plant, Mobile Bay Processing Partners Plant, Destin
     Pipeline, Gulf South Pipeline, and any receipt points added in the Pascagoula, Mississippi and Mobile Bay, Alabama areas.

 4/  The Maximum Hourly Flow Rate is 6% of the Quantity.  Commencing on November 1, 2004, the Quantity is 72,000 Dth from November 1 to March 31.

 5/  This negotiated rate agreement does not deviate in any material respect from the Form of Service Agreement contained in Transporter's Tariff.

 6/  If Gulfstream (a) is a party to or hereafter becomes a party to any negotiated rate precedent agreement or service agreement with any third 
     party for firm transportation of gas on the Gulfstream pipeline system (including, without limitation, any expansion of the Gulfstream 
     Project) equivalent to the service provided for in this service agreement, i.e. for (i) firm forward haul transportation of gas into the 
     State of Florida, (ii) for a term of service equal to twenty (20) years or less, and (iii) with an MHQ (as defined in this service agreement) 
     of 6% or greater (collectively "Equivalent Service"), and (b) pursuant to such third party precedent agreement or service agreement for 
     Equivalent Service is obligated to provide to such third party rates that are more favorable to such third party than the comparable rates to 
     be provided to Florida Power Corporation under this service agreement, Gulfstream will promptly offer such more favorable rates to Florida 
     Power Corporation by way of an amendment to this service agreement.

Issued by: P. Martin Teague, Assistant General Counsel
Issued on: July 21, 2003                                                              Effective on: December 1, 2002
Filed to comply with order of the Federal Energy Regulatory Commission, Docket No. RP02-361-006, issued June 9, 2003, 
03 FERC ¶ 61,312
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