Nautilus Pipeline Company, LLC

Original Volume No. 1

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

Fifth Revised Sheet No. 184 Fifth Revised Sheet No. 184

Superseding: Fourth Revised Sheet No. 184

GENERAL TERMS AND CONDITIONS

22. SHIPPERS' RELEASE OF FIRM CAPACITY con't

22.7 Prearranged Bidders

A Releasing Shipper must identify in its offer any "prearranged

bid" to be made on the firm capacity offered for release.

However, the "prearranged bidder" must also meet all the

requirements established for bidders pursuant to Sections 22.8

below. If the prearranged bidder tenders a bid for the offered

capacity at or above the maximum rate, if applicable pursuant to

Section 22.12 hereof, under the Releasing Shipper's service, for

the full volume, capacity and term offered by the Releasing

Shipper, and the prearranged bidder satisfies all of the

requirements of Section 22.8 below, the prearranged bid will be

deemed the "best bid". Transporter shall thereafter post on its

Interactive Internet Website the identity of the prearranged

bidder and the terms upon which the capacity was released.

In all other situations, including prearranged releases that are

greater than 31 Days, the prearranged bid shall constitute the

minimum bid price for all other bidders and shall be posted on the

Releasing Shipper's offer as such. If Transporter does not

receive any better bid by the date on which all bids are due, the

prearranged bid shall be deemed the best bid. If Transporter does

receive a better bid by the date on which all bids are due, the

prearranged bidder shall have the right to match the terms of the

better bid pursuant to the provisions of Section 22.11 and Section

22.12 hereof.