Nautilus Pipeline Company, LLC

Original Volume No. 1

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Effective Date: 04/05/2010, Docket: RP10-475-000, Status: Effective

Sixth Revised Sheet No. 174 Sixth Revised Sheet No. 174

Superseding: Fifth Revised Sheet No. 174

GENERAL TERMS AND CONDITIONS

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

(4) Releasing Shippers; Prearranged Release of Firm

Capacity For 31 Days or Less. A Releasing Shipper

under Rate Schedules FT-1, FT-2 or FT-3 who wishes to

release its firm capacity to a third party on a

temporary basis for a term of 31 Days or less may do

so without posting an offer for its firm capacity.

The minimum term for such release under Rate Schedule

FT-1 shall be one (1) contract Day and the term must

be for a consecutive number of Days within the same

Month. The Releasing Shipper and its Replacement

Shipper shall notify Transporter of the terms of the

Temporary Release. The Replacement Shipper must also

be prequalified pursuant to the requirements of

Section 22.4 below. Once the term of the release

hereunder has expired, the Releasing Shipper may not

rollover, extend or in any way continue a release of

capacity to the same Replacement Shipper under this

provision until twenty-eight (28) Days or more have

elapsed since the termination of the prearranged

release hereunder, with the exception of releases to

an AMA or to a participant in a state-approved retail

access program. Transporter shall post on its

Interactive Internet Website the terms of the release

entered into under this Section 22.3(b)(4) pursuant to

the provisions of Section 22.11.

(5) A Releasing Shipper under Rate Schedules FT-1, FT-2 or

FT-3 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.

(6) 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.