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. 192 First Revised Sheet No. 192

Superseding: Original Sheet No. 192

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.5 CAPACITY RELEASE REQUIREMENTS (Contd.)

D. (Contd.)

(3) (i) The maximum rates that may be bid and charged

for a Released Firm Transportation Agreement that is

for a term greater than one (1) year are the maximum

lawful rates applicable to the Eligible Firm

Transportation Agreement held by the Original Shipper.

If the Original Shipper is paying a Negotiated Rate

pursuant to Section 33 of these General Terms and

Conditions, a Qualified Bidder may not bid a rate

which exceeds the applicable Recourse Rate or is less

than the applicable minimum rate. A qualified Bidder

may bid a rate form which would be a Negotiated Rate

if and only if the rate form is one explicitly

recognized in Transporter's Tariff as available for

Capacity releases (such as volumetric rates); provided

the resulting charges must be within the range set by

the applicable maximum and minimum rates.

(ii) There is no maximum rate limitation applicable

to bids for capacity release for a term of one (1)

year or less, if the release is to take effect on or

before one (1) year from the date on which Transporter

is notified of the release.