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. 197 First Revised Sheet No. 197

Superseding: Original Sheet No. 197

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.8 QUALIFIED BIDS FOR RELEASED CAPACITY RIGHTS (Contd.)

A. (Contd.)

(6) Agreement that the Qualified Bidder is bound by the

terms and conditions of the Capacity award by

Transporter pursuant to this Section 15 to the

Qualified Bidder, including Transporter's standard

form of Agreement covering the Rate Schedule

applicable to the released Capacity and the terms and

conditions of the Qualified Bid and the Capacity

Release Request, in accordance with Transporter's

Tariff.

B. The volume in a Qualified Bid may not be less than the

minimum volume required for an Eligible Firm Transportation

Agreement under Transporter's Tariff. Neither the volume

nor the release term specified in a Qualified Bid may

exceed the maximum volume or term specified in a Capacity

Release Request, unless the Capacity Release Request

specifically allows otherwise. A Qualified Bidder must

accept all the terms and conditions of a Capacity Release

Request submitted under Section 15.4 (involving a

Prearranged Release) except for the level of the

reservation rate and the MDQ, unless the Capacity Release

Request specifically allows otherwise.

C. For releases for a term of more than one (1) year, a

Qualified Bidder may not bid rates which would exceed

Transporter's maximum reservation rate applicable to the

Eligible Firm Transportation Agreement Capacity. 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. The maximum Qualified Bid

reservation rate includes all demand surcharges, including

all direct-billed charges which are or may become

applicable to the Eligible Firm Transportation Agreement

Capacity.

D. 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 (1) year from the

date on which Transporter is notified of the release.