Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 200 Original Sheet No. 200 : Effective

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.9 AWARDING OF RELEASED CAPACITY (Contd.)

D. A Capacity release shall become effective upon the awarding

of Capacity consistent with this Section 15. Nominations

for Gas service utilizing the released Capacity shall be

accepted at the next available Nomination opportunity which

occurs on or after the time the release becomes effective

hereunder, consistent with 18 C.F.R. Section

284.12(c)(1)(ii); provided that Nominations cannot be

effectuated prior to the beginning time specified in the

release. Transporter shall issue a contract to the winning

Qualified Bidder within one (1) hour after the Capacity has

been awarded. So long as the winning bidder has pre-

approved credit, that bidder can submit a Nomination

consistent with the above regardless of whether a contract

with Transporter covering the Capacity awarded has been

issued or executed; provided, however, that a contract must

be executed under the provisions of the relevant rate

schedule regarding timely execution of a contract tendered

by Transporter in order for a Shipper to have continued

service beyond the maximum time specified for timely

contract execution. If the original Shipper has already

submitted a Nomination on a Day under the Agreement being

released, and if the Replacement Agreement covering the

released Capacity is effective that same Day, the original

Shipper may incur Overrun Service Charges if his Nomination

exceeds the reduced contractual parameters under the

original Agreement resulting from the release (i.e., if the

original Shipper fails to reduce its Nomination, or does not

adequately reduce its Nomination, at the first opportunity

the Replacement Shipper has to nominate).

E. Gas Nominations for transportation pursuant to released

Capacity are subject to the provisions of Section 7 of these

General Terms and Conditions. Gas Nominations by a Shipper

utilizing released Capacity awarded by Transporter shall

constitute Shipper's binding acceptance of the terms and

conditions of the Capacity award by Transporter pursuant to

this Section 15, 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.