Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 203 Original Sheet No. 203 : Effective

GENERAL TERMS AND CONDITIONS

15. CAPACITY RELEASE BY FIRM SHIPPERS (Contd.)

15.10 BID EVALUATION PROCEDURE (Contd.)

E. (Contd.)

Example (2) - Awarding with Minimum Bid Volumes

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The assumptions remain the same as in Example 1, except that we assume

that Bid (c) has a Minimum Bid Volume of 40,000.

Winning Qualified Bids: Bids (a) and (b) would be allocated their

Maximum Bid Volume of 40,000. Bid (c) would not be awarded any

Capacity since their Minimum Bid Volume is 40,000. 20,000 would

remain with the Releasing Shipper.

Example (3) - Awarding using the tie-breaker

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Assume: Capacity Release = 100,000/Day for 5 Years

Qualified Bids:

Maximum Bid Bid Minimum Time Bid

Volume Term Price Bid Volume Received

----------- ------- -------- ---------- --------

Bid (a) 60,000/Day 5 Years $0.18 0 13:57:40

Bid (b) 50,000/Day 5 Years $0.17 50,000 13:55:05

Bid (c) 35,000/Day 5 Years $0.17 0 13:56:40

Bid (d) 35,000/Day 5 Years $0.17 0 13:56:30

Winning Qualified Bid (a) receives 60,000 since it has the highest

Bid Value; Bid (b) receives 0 because of its Minimum Bid Volumes;

Bid (c) receives 5,000 because the bid was submitted after Bid (d);

Bid (d) receives 35,000.

F. In no event shall this Section 15.10 result in winning

Qualified Bids with a total volume in excess of the Capacity

specified in the Capacity Release Request.