Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 179 Original Sheet No. 179 : Effective

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS

15.1 GENERAL

A. Subject to the terms, conditions and limitations set forth

in this Section 15, a Shipper shall have the right to

release all or a portion of Capacity held under an eligible

firm Transportation Agreement and, if a temporary Capacity

release is effectuated under this Section 15, to receive a

credit for reservation charge revenues received by

Transporter from that other Shipper for such released

Capacity.

B. The deadlines set forth in this Section 15 are applicable to

all parties involved in the Capacity release process;

however, they are only applicable if all information

provided by the parties to the transaction is valid and the

Replacement Shipper (or Sub-replacement Shipper, if

applicable) has been determined to be creditworthy before

the Qualified Bid is tendered, and there are no special

terms or conditions of the release.

C. Following is a summary of the Capacity release process and

deadlines set forth in greater detail in the remainder of

this Section 15:

(1) For biddable releases (less than one Year):

(i) The offer should be tendered by 12:00 p.m.

Central Clock Time on a Business Day;

(ii) The open season ends no later than 1:00 p.m.

Central Clock Time on a Business Day (evaluation

period begins at 1:00 p.m. Central Clock Time

during which contingency is eliminated,

determination of winning Best Bid(s) is made,

and ties are broken);

(iii) Evaluation period ends and award posting if no

match required at 2:00 p.m. Central Clock Time;

(iv) Match or award and award is communicated by 2:00

p.m. Central Clock Time;