Liberty Gas Storage, LLC

Original Volume No. 1

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Effective Date: 04/15/2007, Docket: RP07-357-000, Status: Effective

Original Sheet No. 113 Original Sheet No. 113 : Effective

 

GENERAL TERMS AND CONDITIONS

(d) Releases Not Subject to Bidding. For proposed capacity releases of

a duration of thirty-one (31) Days or less for which Customer has obtained a

Prearranged Customer and Customer elects not to post such proposed capacity

releases for bidding pursuant to Section 4.3 and all other terms and conditions

of the release are met, Customer shall notify Liberty by providing the

information pursuant to Section 4.1, which information will be posted on the

Internet Web Site as required by Section 4.5 in accordance with the following

timelines:

Timely Cycle:

Posting of prearranged deals not subject to bid are due by 10:30 a.m. CCT.

Evening Cycle:

Posting of prearranged deals not subject to bid are due by 5:00 p.m. CCT.

Intraday 1 Cycle:

Posting of prearranged deals not subject to bid are due by 9:00 a.m. CCT.

Intraday 2 Cycle:

Posting of prearranged deals not subject to bid are due by 4:00 p.m. CCT.

Prior to the nomination deadline for the chosen cycle for the begin date

specified in the Customer notice, the Prearranged Customer must initiate

confirmation of prearranged deals electronically.

Liberty will issue a contract within one hour of notification of the release

(with a new contract number, when applicable). Nominations for Gas flow are

possible beginning at the next available nomination cycle for the effective

date of the contract. Such nominations will be processed in accordance with

the nomination and scheduling requirements of Section 8 of the General Terms

and Conditions; however, in no circumstance will Gas flow prior to the

effective date of the release as specified in Releasing Customer's offer. A

Prearranged Customer may not consummate a release with any Customer that

utilizes the same capacity or overlaps such capacity without such release being

subject to the bidding requirement if such Customer has, within the prior

twenty-eight (28) consecutive Days, released capacity to such Prearranged

Customer, which prior release was not subject to the bidding

requirements.

Liberty shall post offers and bids, including pre-arranged deals, upon receipt,

unless Releasing Customer requests otherwise. If Releasing Customer requests a

posting time, Liberty shall support such request insofar as it comports with

the standard timeline. A Releasing Customer cannot specify an extension of the

original bid period or the pre-arranged deal match period, without posting a

new release.