Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 218 Original Sheet No. 218 : Effective

GENERAL TERMS AND CONDITIONS

17. OBTAINING FIRM CAPACITY, CONTRACT ROLLOVERS AND RIGHT OF FIRST REFUSAL

17.1 OBTAINING FIRM CAPACITY

A. Notice of Available Firm Capacity. Transporter will

continuously post the availability of Capacity on the

Informational Postings portion of its Interactive Website,

pursuant to Section 284.8(b)(3) of the Commission's

Regulations.

B. Qualifications for Bidding. Any party wishing to become a

Shipper must comply with the requirements of Section 13 of

the General Terms and Conditions of this Tariff prior to

submitting a bid for Capacity.

C. Bidding for Firm Capacity. A Party desiring to obtain firm

Capacity from Transporter (by prearrangement or by bidding

in an open season posted for competitive bidding) must

submit a request for the service by facsimile or electronic

mail. Parties are free to offer any price, designate any

term, and request any available Receipt and/or Delivery

Points.

D. Requests for Discounts. Transporter is not obligated to

accept any request or bid that is for less than the maximum

rate as stated in the Statement of Rates set forth in this

Tariff.

E. Notice of Prearranged Capacity. Transporter may pre-arrange

with any party for the sale of its posted available firm

Capacity. Transporter will post the pre-arranged

transaction on the Interactive Website for a period of three

(3) Business Days (Bid Period). Other parties may submit

competing bids for the Capacity pre-arranged by Transporter

during the Bid Period. All bids shall be evaluated

according to the terms and the NPV method set forth in

Section 15 of the General Terms and Conditions of this

Tariff. If no higher offer is received during the Bid

Period, the pre-arranged party shall receive the Capacity.

If a higher offer is received, the pre-arranged party will

be permitted to match the offer and receive the Capacity

from Transporter. If the pre-arranged party does not elect

to match the highest offer, the party making the highest

offer will be awarded the Capacity.