Blue Lake Gas Storage Company

First Revised Volume No. 1

Effective Date: 02/16/2009, Docket: RP09-220-000, Status: Effective

Fourth Revised Sheet No. 17 Fourth Revised Sheet No. 17

Superseding: Third Revised Sheet No. 17

RATE SCHEDULE FS

FIRM STORAGE

(Continued)

If Releasing Customer exercises such right, it must notify

Seller prior to the nomination of the released

entitlements, and the Replacement Customer shall adhere to

the contracting requirements. Seller will post the

information on the Internet Site pursuant to the time line

set fourth in Section 8.1 (d)(iii), above. The

Replacement Customer shall meet any eligibility

requirements under this Section 8. Pre-arranged

Replacement Customer nominations possible at the earliest

nomination opportunity at the time Seller receives

notification of release. Seller shall issue contract

within one hour of the notification of the release.

(ii) Matching Rights. A Pre-arranged Replacement Customer

shall have the right of first refusal for a time period

as negotiated by the Releasing Customer and the Pre-

arranged Replacement Customer ("Matching Period"). If

no Matching Period has been negotiated, the Matching

Period will be deemed to be one (1) hour following the

time the Pre-arranged Replacement Customer has been

notified of the winning bid. In the event a bid is

received that more closely meets the criteria specified

by the Releasing Customer, Seller shall provide the Pre-

arranged Replacement Customer an opportunity during the

Matching Period to match or exceed the bid that more

closely meets the criteria specified by the Releasing

Customer. No later than 2:00 p.m. Central Clock Time,

the Pre-arranged Replacement Customer shall receive

notification on the Internet Site of the terms and

conditions of the prevailing bid and shall have the

Matching Period to respond via the Internet Site. No

later than 2:30 p.m. Central Clock Time, the Pre-

arranged Replacement Customer shall post on the Internet

Site its match response. Absent a response, the

capacity shall be awarded to the prevailing bidder no

later than 3:00 p.m. Central Clock Time.