Central New York Oil And Gas Company, LLC

Original Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-480-000, Status: Effective

Second Revised Sheet No. 21 Second Revised Sheet No. 21 : Effective

Superseding: First Revised Sheet No. 21

set forth in the release. Bids will be evaluated by the

criteria provided by the Releasing Customer.

If no criteria are provided by the Releasing

Customer, bids will be accepted in the order

of priority based upon the highest economic

value offered by the competing bids as

defined in Section 10 of the General Terms

and Conditions of this FERC Gas Tariff. The

ultimate awarding of the capacity will be

posted subsequently on Seller's Internet

website by the applicable time pursuant to

the Capacity Release Timeline, unless bidder

was a contingent bidder and the contingency

did not occur. Seller will tender a numbered

Agreement to the winning bidder by the

applicable time pursuant to the Capacity

Release Timeline, and the winning bidder

shall enter into an Agreement with Seller

pursuant to Section 7.4. Seller is required

to meet the Capacity Release Timeline for

processing capacity releases only if the

Releasing Customer's best bid methodology is

either: (1) highest rate, (2) highest net

revenue, or (3) greatest net present value.

In all cases, Replacement Customers will be

subject to all requirements of this Tariff.

Storage Service to the Replacement Customer

may commence, prior to the posting of the

winning bid, if capacity has been awarded and

a contract executed.

 

(h) Recall/Reput Rights

 

(i) A Releasing Customer cannot in any way

modify recall rights as specified by a previous Releasing

Customer, but may specify its own recall rights, subject to any

recall rights specified by a previous Releasing Customer. A

potential Replacement Customer is responsible for obtaining

from the Releasing Customer with whom it is negotiating for

released capacity any information concerning recall rights

specified by a previous Releasing Customer. A Releasing

Customer specifying recall conditions shall be the only party

that can exercise and administer such recall rights. In the

event of any conflict, the instructions and communications of

the Releasing Customer specifying the recall conditions shall

govern. If the release specifies that the Releasing Customer

has reput rights and the recall ends prior to the end of the

release term at the end of the recall period, capacity shall

revert back to the Replacement Customer, if applicable, subject

to Seller's nomination procedures.