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. 219 Original Sheet No. 219 : Effective

GENERAL TERMS AND CONDITIONS

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

(Contd.)

17.1 OBTAINING FIRM CAPACITY (Contd.)

F. From time-to-time, Transporter may post an open season for

the purposes of obtaining competitive bids of specific Firm

Capacity (e.g., expiring, non-ROFR, relinquished, or new

Capacity). Such open season shall be maintained and bids

accepted for a period of at least three (3) Business Days.

G. An open season posting shall constitute an announcement of

Capacity availability (Capacity Announcement) and shall

include at least the following information:

1. MDQ stated in Dth/Day;

2. Receipt and Delivery Points at which Capacity is

available and the firm quantities at such points;

3. Effective date;

4. Term;

5. Applicable rates for the service;

6. Minimum conditions;

7. The criteria by which bids are to be evaluated; and

8. Whether the Capacity is subject to right of first

refusal.

H. Awarding of Capacity. Transporter's Capacity shall be

awarded in accordance with the terms and the NPV evaluation

method provided for in Section 15 of the General Terms and

Conditions of this Tariff.

I. Non-acceptable bids or no bids received. If no bids, or no

acceptable bids are received during an open season,

Transporter may sell the Capacity to any Shipper without

instigating a new bidding process.

J. Short-term contracts. Where a Capacity bid results in a

contract term of one Month or less, Transporter may re-sell

the Capacity at the end of the contract term without

instigating a new bidding process.

K. Transporter shall not be obligated to sell firm Capacity for

a term of less than one Month.