Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

Effective Date: 02/26/2009, Docket: RP09-266-000, Status: Effective

First Revised Sheet No. 188 First Revised Sheet No. 188

Superseding: Original Sheet No. 188

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.4 PREARRANGED RELEASE (Contd.)

B. (Contd.)

(3) Whether the Capacity being released is subject to

recall and/or reput in the Prearranged Release and, if

so, the exact conditions of such recall and/or reput

(which conditions must conform with Sections 15.5 and

15.14); and

(4) The proposed effective date of the Prearranged Release

and the proposed term of the Prearranged Release.

C. Whether the Releasing Shipper will accept Qualified Bids

which are contingent on subsequent events (such as the

purchase of upstream or downstream Capacity), and if so,

what events and the last date by which such contingency must

be fulfilled;

D. Whether the Releasing Shipper will accept Qualified Bids

with longer terms or larger volumes, and if so, what is the

maximum volume and the longest term the Releasing Shipper

will accept;

E. Whether the Releasing Shipper wants Transporter to actively

market its Capacity rights subject to the Prearranged

Release, pursuant to Section 16 of these General Terms and

Conditions;

F. The starting date for and the length of time for the open

season (which must conform to Section 15.7) and the length

of time (consistent with Section 15.9B) for the Prearranged

Shipper to be able to match a winning Qualified Bid;

G. Whether the Releasing Shipper will accept Qualified Bids

whose revenues will vary by the volume transported, and if

so, any minimum amount to be billed as a reservation charge

even if there is no flow (or insufficient flow);

H. Which of the bid evaluation procedures set forth in Section

15.10 the Shipper wishes to use, if any;

I. Whether the Qualified Bids are to specify dollars and cents

and/or percentage of the maximum tariff rate or an index-

based formula as detailed in the Capacity Release Request;