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

Original Volume No. 1

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Effective Date: 12/01/2004, Docket: CP03-302-004, Status: Effective

Original Sheet No. 326 Original Sheet No. 326 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

28. CAPACITY RELEASE PROGRAM (Contd.)

28.11 Awarding of Released Capacity. Released capacity shall be awarded in

accordance with this section.

(a) If a Bidding Shipper's bid satisfies all terms and conditions

specified in the Releasing Shipper's notice, including the

posted reservation rate, then the capacity shall be awarded to

such Bidding Shipper, and the Releasing Shipper shall not be

permitted to reject such bid. If such bid was submitted in an

open season relating to a prearranged release, capacity shall

be awarded as described in Section 28.11(h) hereof.

(b) Offers shall be binding until written or electronic notice of

withdrawal is received by Transporter (NAESB WGQ Standard

5.3.14). Releasing Shipper(s) may withdraw their offer of

release any time prior to the start of the open season, or

during the open season in the event of an unexpected change in

Releasing Shipper's need for the capacity being released

provided, however, that the Releasing Shipper may not withdraw

its offer of release, if bids have been received that meet the

minimum terms of the release. The Releasing Shipper may

withdraw its offer to release capacity in writing,

interactively via the EBB or via an electronic data

interchange (EDI) upload utilizing the NAESB WGQ Standard data

set. In summary, the Releasing Shipper has the right to

withdraw its offer during the bid period, where unanticipated

circumstances justify and no minimum bid has been made (NAESB

WGQ Standard 5.3.16).

(c) If more than one bid is received that is equal to or exceeds

all the minimum terms and conditions specified in the

Releasing Shipper's notice, then the Replacement Shipper(s)

shall be the Bidding Shipper(s) who offer(s) the highest bid,

based on the bid evaluation methods as posted by the Releasing

Shipper in its notice of release. Transporter shall evaluate

and rank all bids submitted during the open season. If

Bidding Shipper has made a bid based on a contingency and such

contingency has not been removed by the date and time

specified pursuant to the Timelines as described in Section

28.5 hereof, such bid shall be deemed withdrawn. If bids from

two or more Bidding Shippers result in bids of equal value,

then the capacity shall be awarded pursuant to Section

28.11(g) hereof.