Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 199 Original Sheet No. 199 : Effective

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.9 AWARDING OF RELEASED CAPACITY (Contd.)

B. As to any other Prearranged Release, in the event there was

no winning Qualified Bid(s) with a higher total Bid Value

than the Prearranged Shipper's Bid Value, Transporter shall

notify the Prearranged Shipper. If, during an open season,

the winning Qualified Bid(s) have a higher total Bid Value

than the Bid Value of the Prearranged Release under the bid

evaluation procedure selected by the Releasing Shipper,

Transporter shall notify the Prearranged Shipper of the

terms and conditions of the winning Qualified Bid(s), except

for any identification of the Qualified Bidder(s). The

Prearranged Shipper may elect to match any or all of such

winning Qualified Bid(s), but may not elect to match only a

portion of a winning Qualified Bid. Such election shall

consist of the Prearranged Shipper submitting notice to

Transporter of its unconditional agreement to the terms and

conditions of one or more of such winning Qualified Bid(s)

in writing or electronic means. In the event of a timely

match, then the Prearranged Shipper shall be awarded the

released Capacity. To the extent that the Prearranged

Shipper fails to timely match (within the required time

frame) the winning Qualified Bid(s) with a higher Bid Value,

then the Qualified Bidder(s) who made the winning Qualified

Bid shall be awarded the Capacity. The timelines for the

above actions shall be as provided in Section 15.1.

C. For any other Capacity Release Request, the Capacity rights

shall be automatically awarded to the winning Qualified

Bidder(s) when Transporter has identified the entity(s) to

receive the released Capacity under this Section 15.