Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 182 Original Sheet No. 182 : Effective

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.1 GENERAL (Contd.)

C. (Contd.)

(3) For non-biddable releases (in accordance with NAESB

WGQ Standard 5.3.2) (Contd.)

(iv) Intraday 2 Cycle

(a) Posting of prearranged deals not subject

to bid are due by 4:00 p.m.;

(b) Contract issued within one (1) hour of

award posting (with a new contract number,

when applicable); Nomination possible

beginning at the next available Nomination

cycle for the effective date of the contract;

15.2 DEFINITIONS

A. BID VALUE

The value assigned to a Qualified Bid or a Prearranged

Release according to the bid evaluation procedures set forth

in Section 15.10 or, if applicable, the bid evaluation

procedures set forth in the Capacity Release Request.

B. CAPACITY RELEASE REQUEST

The request that a Releasing Shipper submits to initiate the

Capacity release procedure under this Section 15.

C. ELIGIBLE FIRM TRANSPORTATION AGREEMENT

A Transportation Agreement under Rate Schedule FTS.

D. MAXIMUM BID VOLUME

The maximum amount of Capacity the Qualified Bidder agreed

to accept in its Qualified Bid.