Garden Banks Gas Pipeline, LLC

Original Volume No. 1

Effective Date: 03/01/2009, Docket: RP09-328-000, Status: Effective

Third Revised Sheet No. 105A Third Revised Sheet No. 105A

Superseding: Second Revised Sheet No. 105A

GENERAL TERMS AND CONDITIONS

19. SHIPPERS RELEASE OF FIRM CAPACITY

19.3(d) Prearranged Release of Firm Capacity (cont'd):

(ii) A RELEASING SHIPPER who wishes to temporarily release its

firm capacity on a prearranged basis to a third party for a

period in excess of 31 days at a rate less than the maximum

filed rate for the respective Rate Schedule shall post or

have posted on Transporter's Internet Web Site the terms and

provisions under which the firm capacity is proposed to be

released for the purpose of soliciting competitive bids.

The minimum term of the release shall be for a consecutive

number of days greater than 31 days.

(iii) An open season is not required for: (a) a Prearranged

Release for the maximum charge applicable to the capacity

being released provided that the release term is more than

one Year; (b) a Short-term Prearranged Release (31 Days or

less; (c) a release to an asset manager (AMA), as defined by

FERC regulations at 18 CFR 284.8; or (d)releases to a

marketer participating in a state-regulated retail access

program), as defined by FERC regulations at 18 CFR 284.8.