Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

Effective Date: 01/01/2009, Docket: RP09-72-001, Status: Effective

Substitute Original Sheet No. 534A Substitute Original Sheet No. 534A

Superseding: Original Sheet No. 534A

GENERAL TERMS AND CONDITIONS

(continued)

14. CAPACITY RELEASE (continued)

(20) whether the proposed release is to an asset manager as part of

an asset management arrangement as defined in Section

284.8(h)(3) of the Commission's regulations or to a marketer

participating in a state-mandated retail access program as

defined in Section 284.8(h)(4) of the Commission's regulations,

and, if the proposed release is part of an asset management

arrangement, the volumetric level of the asset manager's

delivery or purchase obligation and the time period during

which that obligation is in effect;

(21) for purposes of bidding and awarding, any maximum and/or

minimum rates specified by Releasing Customer shall include the

tariff reservation rate and all demand surcharges, specified as

a total number or as stated separately. For releases that

become effective on or after July 30, 2008, the maximum and/or

minimum rates specified by Releasing Customer may exceed the

maximum tariff rate for the applicable service if (i) the term

of the proposed release is one (1) year or less, and (ii) the

effective date of the proposed release is on or before one (1)

year from the date on which Algonquin is notified of the

release.

Releasing Customer may elect not to reveal minimum conditions

to anyone other than Algonquin.

(b) Posting Requirements and Bid Periods for Standard Releases Subject

to Bidding. The Capacity Release timeline is applicable to all

parties involved in the Capacity Release process; however, it is

only applicable if 1) all information provided by the parties to the

transaction is valid and the Replacement Customer has been

determined to be creditworthy before the capacity release bid is

tendered and 2) there are no special terms or conditions of the

release. Algonquin shall post offers and bids, including

prearranged deals, upon receipt; provided, however, offers and bids

must be complete before posting. Only posted offers and bids will

be available electronically. If a Releasing Customer requests a

later posting time, Algonquin shall support such request insofar as

it comports with the standard timeline set forth in this Section

14.4(b). The term "Bid Period" shall mean the period during which

bids may be submitted, commencing upon the posting of Releasing

Customer's Notice and ending at the time specified below.