Algonquin Gas Transmission, LLC

Fifth Revised Volume No. 1

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Effective Date: 11/30/2009, Docket: RP10-77-000, Status: Effective

Third Revised Sheet No. 549 Third Revised Sheet No. 549

Superseding: Substitute Second Revised Sheet No. 549

GENERAL TERMS AND CONDITIONS

(continued)

14. CAPACITY RELEASE (continued)

14.10 Exceptions to Bidding Requirement for Pre-arranged Releases.

(a) For releases that become effective on or after July 30, 2008, the following

need not comply with the bidding requirements of this Section 14, but shall be

subject to all other provisions of this Section 14:

(1) a release for any period of thirty-one (31) days or less,

(2) a release for more than one (1) year at the maximum tariff rate,

(3) a release of capacity to an asset manager (as defined in Section

284.8(h)(3) of the Commission's regulations), and

(4) a release of capacity to a marketer participating in a state-regulated

retail access program (as defined in Section 284.8(h)(4) of the

Commission's regulations).

For releases that become effective on or after July 30, 2008, any release, with

the exception of releases to an asset manager or to a marketer participating in

a state-regulated retail access program, with a term that is greater than

thirty-one (31) days and less than or equal to one (1) year must be posted for

bidding pursuant to Section 14.4(b) above, regardless of the proposed rate. A

release under this Section 14.10 may be effected by the Releasing Customer's

satisfying the notice requirements of Section 14.4 and the selected Approved

Bidder's submitting a bid satisfying the requirements of Section 14.4. Such

release shall become effective immediately upon Algonquin's receipt of both

such notice and such bid, but no sooner than the date specified in Releasing

Customer's Notice, subject to compliance with the other provisions of this

tariff. The information provided by the Releasing Customer pursuant to Section

14.4(a) will be posted on the LINK® System and by electronic data interchange

as required by Section 14.4(d).

(b) The standard timelines applicable to pre-arranged capacity releases that are

not subject to the competitive bidding requirements are as follows:

Timely Cycle:

Posting of prearranged deals not subject to bid are due by 10:30 a.m.

CCT.

Evening Cycle:

Posting of prearranged deals not subject to bid are due by 5:00 p.m. CCT.

Intraday 1 Cycle:

Posting of prearranged deals not subject to bid are due by 9:00 a.m. CCT.

Intraday 2 Cycle:

Posting of prearranged deals not subject to bid are due by 4:00 p.m. CCT.

Prior to the nomination deadline for the chosen cycle for the begin date

specified in the Releasing Customer's Notice, the Prearranged Customer must

initiate confirmation of prearranged deals electronically. Algonquin will

issue a contract within one Hour of the award posting (with a new contract

number, when applicable).

Nominations for gas flow are possible beginning at the next available

nomination cycle for the effective date of the contract. Such nominations will

be processed in accordance with the nomination and scheduling requirements of

Sections 22 and 23 of the General Terms and Conditions; however, in no

circumstances will gas flow prior to the effective date of the release as

specified in Releasing Customer's Notice.