Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 02/13/2010, Docket: RP10-308-000, Status: Effective

Third Revised Sheet No. 548 Third Revised Sheet No. 548

Superseding: Substitute Second Revised Sheet No. 548

GENERAL TERMS AND CONDITIONS

(continued)

14. CAPACITY RELEASE (continued)

applicable rate schedule; provided, however, for releases that become effective

on or after July 30, 2008, any proposed capacity release transaction with a

duration greater than thirty-one (31) days and less than or equal to one (1)

year, unless such proposed release is to an asset manager or a marketer

participating in a state-mandated retail access program, must be posted for

bidding regardless of the proposed rate; and provided further that, for

releases that become effective on or after July 30, 2008, the rate for any

release transaction with a term of one (1) year or less may exceed the maximum

tariff rate for the applicable rate schedule, if the effective date of the

release is on or before one (1) year from the date on which Algonquin is

notified of the release. Capacity released under Rate Schedule AFT-1S or AFT-

ES and acquired under Rate Schedule AFT-1 or AFT-E for a term of more than one

(1) year shall be subject to the maximum and minimum reservation and usage

charges set forth in Algonquin's Statement of Rates applicable to such Rate

Schedule AFT-1 or AFT-E with respect to capacity released under Rate Schedule

AFT-1S or AFT-ES. If Releasing Customer specifies that the capacity may be

released on a volumetric-rate basis, the volumetric rate for the release shall

apply only to the reservation portion of the rate and shall be subject to the

maximum volumetric rates set forth in Algonquin's Statement of Rates for the

applicable rate schedule. Capacity released subject to recall is firm service

subject to the same maximum rates as capacity released not subject to recall.

For releases that become effective on or after July 30, 2008, the rate for any

capacity release transaction with a term of one (1) year or less may exceed the

maximum tariff rate for the applicable rate schedule if the effective date of

the release is on or before one (1) year from the date on which Algonquin is

notified of the release.

(e) Capacity released hereunder shall be acquired by the Replacement Customer under

the same rate schedule as that applying to the Existing Service Agreement, with

the following exceptions:

(1) To the extent that capacity released under Rate Schedules AFT-E and AFT-

ES has delivery points that are different from the Points of Delivery

specified in the Releasing Customer's Service Agreement under such rate

schedules as of the time of conversion to no-notice service pursuant to

Order No. 636, the capacity shall be acquired under Rate Schedules AFT-1

and AFT-1S, respectively (subject to subsection (2) of this subsection

(e)); and

(2) Capacity released under Rate Schedules AFT-1S and AFT-ES shall be

acquired under Rate Schedules AFT-1 and AFT-E (subject to subsection (1)

of this subsection (e)), respectively, if the acquiring Customer does not

meet the requirements of Sections 1.a and 1.b of Rate Schedules AFT-1S or

AFT-ES, respectively.