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. 223 Original Sheet No. 223 : Effective

GENERAL TERMS AND CONDITIONS

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

(Contd.)

17.3 RIGHT OF FIRST REFUSAL (Contd.)

C. Within fifteen (15) Days after receipt of a notice from

Shipper under Section 17.3B, Transporter shall post via the

Interactive Website a Capacity Announcement containing

information consistent with Section 17.1G of these General

Terms and Conditions. Such Capacity Announcement shall be

maintained, and bids accepted via the Interactive Website,

for a period of at least three (3) Days, but no more than

one (1) Month from the initial posting.

D. Capacity will be made available on a nondiscriminatory basis

and will be assigned on the basis of a Bid Period determined

pursuant to the open season or Capacity Announcement

provisions provided for in Section 17.1 of these General

Terms and Conditions.

1. A Shipper desiring to acquire the available Capacity

shall place a bid with Transporter by facsimile or

other electronic means, during the bidding period.

The bid shall be binding once received by Transporter

and may not be withdrawn by the bidding Shipper.

2. The bidding Shipper's bid must include all information

required by Section 13 of these General Terms and

Conditions.

E. Transporter shall determine the value of bids pursuant to

the NPV method set forth in Section 15.10 of these General

Terms and Conditions. Transporter shall not be obligated to

accept any bid for the Capacity at less than the maximum

applicable tariff rate or for a term greater than twenty

(20) Years. Upon acceptance of a bid, Transporter shall

inform the Existing Shipper of the terms of the bid to

permit the Existing Shipper to exercise its Right of First

Refusal.