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. 131 Original Sheet No. 131 : Effective

 

GENERAL TERMS AND CONDITIONS

(f) Minimum NAESB Nomination Standards. In the event the more flexible

nomination procedures set forth in Section 8.2(b) above are inapplicable for

any reason, nominations shall be submitted and processed in accordance with the

minimum standards set forth in this Section 8.2(f). Liberty shall support the

following standard nomination cycles:

(1) The Timely Nomination Cycle: 11:30 a.m. for nominations leaving control of

the nominating party; 11:45 a.m. for receipt of nominations by Liberty

(including from Title Transfer Tracking Service Providers (“TTTSPs”)); noon to

send Quick Response; 3:30 p.m. for receipt of completed confirmations by

Liberty from upstream and downstream connected parties; 4:30 p.m. for receipt

of scheduled quantities by Customer and point operator (Central Clock Time on

the Day prior to flow).

(2) The Evening Nomination Cycle: 6:00 p.m. for nominations leaving control of

the nominating party; 6:15 p.m. for receipt of nominations by Liberty

(including from TTTSPs); 6:30 p.m. to send Quick Response; 9:00 p.m. for

receipt of completed confirmations by Liberty from upstream and downstream

connected parties; 10:00 p.m. for Liberty to provide scheduled quantities to

affected Customers and point operators, and to provide scheduled quantities to

bumped parties (notice to bumped parties) (Central Clock Time on the Day prior

to flow).

Scheduled quantities resulting from an Evening Nomination should be effective at

9:00 a.m. on the Day.

(3) The Intraday 1 Nomination Cycle: 10:00 a.m. for nominations leaving

control of the nominating party; 10:15 a.m. for receipt of nominations by

Liberty (including from TTTSPs); 10:30 a.m. to send Quick Response; 1:00 p.m.

for receipt of completed confirmations by Liberty from upstream and downstream

connected parties; 2:00 p.m. for Liberty to provide scheduled quantities to

affected Customers and point operators, and to provide scheduled quantities to

bumped parties (notice to bumped parties),(Central Clock Time on the Day).

Scheduled quantities resulting from Intraday 1 Nominations should be effective

at 5:00 p.m. on the Day.

(4) The Intraday 2 Nomination Cycle: 5:00 p.m. for nominations leaving

control of the nominating party; 5:15 p.m. for receipt of nominations by

Liberty (including from TTTSPs); 5:30 p.m. to send Quick Response; 8:00 p.m.

for receipt of completed confirmations by Liberty from upstream and downstream

connected parties; 9:00 p.m. for Liberty to provide scheduled quantities to

affected Customers and point operators, and to provide scheduled quantities to

bumped parties (notice to bumped parties) (Central Clock Time on the Day).

Scheduled quantities resulting from Intraday 2 Nominations should be effective

at 9:00 p.m. on the Day. Bumping is not allowed during the Intraday 2

Nomination Cycle.

(5) For the purposes of this Section 8(f), “provide” shall mean, for

transmittals pursuant to standards 1.4.x (NAESB standards relating to

nomination datasets), receipt at the designated site, and for purposes of other

forms of transmittal, it shall mean send or post.