Cheyenne Plains Gas Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 07/26/2010, Docket: RP10-876-000, Status: Effective

Second Revised Sheet No. 265 Second Revised Sheet No. 265

Superseding: First Revised Sheet No. 265

GENERAL TERMS AND CONDITIONS

(Continued)

9. CAPACITY RELEASE PROGRAM (Continued)

9.7 Notice by Shipper Electing to Release Capacity On An Open Season

Basis (Continued)

(h) whether the Releasing Shipper desires to release capacity on a

volumetric Reservation Rate Basis, and, if so, the minimum

acceptable rate and, if applicable, any minimum volumetric load

factor commitment. (Capacity releases made on a volumetric rate

basis cannot be re-released by the Replacement Shipper);

(i) the applicable maximum reservation rate for capacity being

released as shown on Transporter's Statement of Rates Sheet;

(j) if Releasing Shipper is willing to consider releasing capacity

at less than maximum reservation rate stated in (i) above, and

if so, the minimum reservation rate Releasing Shipper is willing

to accept;

(k) For purposes of bidding and awarding, maximum/minimum rates

specified by the Releasing Shipper shall include the Tariff

reservation rate and all reservation surcharges, as a total

number or as stated separately (NAESB WGQ Standard 5.3.27).

(l) whether the Releasing Shipper wants Transporter to market the

capacity in accordance with Section 9.17 hereof;

(m) for releases posted to comply with the NAESB WGQ Timeline as

shown in Section 9.5(c) hereof, the Releasing Shipper shall

select one of the following bid evaluation methods which are

described more fully in Section 9.11(d):

(i) Present Value

(ii) Highest Rate

(iii) Net Revenue

(iv) Releasing Shipper's Criteria

(n) In lieu of the methods described in Section 9.7(m)(i-iii) above,

the Releasing Shipper may provide its own nondiscriminatory bid

evaluation criteria as stated in Section 9.7(m)(iv); except that

Transporter will not accept first bidder meeting minimum

acceptable terms of the release as a valid bid evaluation

method. However, Transporter is not obligated to comply with

the NAESB WGQ Timeline shown in Section 9.5(c), hereof, if the

method shown in Section 9.7(m)(iv) is chosen. In that case,

Transporter shall apply the timeline for releases subject to

special terms and/or conditions, contained in Section 9.5(b).