Columbia Gas Transmission LLC

Third Revised Volume No. 1

Effective Date: 03/03/2009, Docket: RP09-340-000, Status: Effective

Original Sheet No. 325 Original Sheet No. 325

GENERAL TERMS AND CONDITIONS (Cont'd)

14. RELEASE AND ASSIGNMENT OF SERVICE RIGHTS

(a) The procedures set forth in this Section governing the release and assignment of service rights

by Shippers shall apply to all services offered by Transporter for which such right is provided in the

applicable Rate Schedule: provided that these procedures are subject to the provisions of Section 40 of the

General Terms and Conditions governing segmentation. A Shipper under such applicable Rate Schedule may

release and assign all or any portion of the service under its Service Agreement. Any Shipper accepting such

assignment ("Replacement Shipper") must be listed on Transporter's Approved Bidders List, must have executed

an Electronic Contracting Agreement with Transporter, and must be an authorized EBB user complying with all

conditions and requirements set forth in the General Terms and Conditions and in the applicable Rate Schedule

and Service Agreement.

(b) The Capacity Release timeline is applicable to all parties involved in the Capacity Release

process; however, it is only applicable if 1) all information provided by the parties to the transaction is

valid and the acquiring shipper has been determined to be credit worthy before the capacity release bid is

tendered and 2) there are no special terms or conditions of the release.

For biddable releases (less than 1 year):

(1) offers should be tendered by 12:00 P.M. on a Business Day;

(2) open season ends no later than 1:00 P.M. on a Business Day (evaluation period begins

at 1:00 P.M. during which contingency is eliminated, determination of best bid is made, and ties are

broken);

(3) evaluation period ends and award posting if no match required at 2:00 P.M.;

(4) match or award is communicated by 2:00 P.M.;

(5) match response by 2:30 P.M.;

(6) where match required, award posting by 3:00 P.M.;

(7) contract issued within one hour of awarding posting (with a new contract number, when

applicable); nomination possible beginning at the next available nomination cycle for the effective

date of the contract. (Central Clock Time)

For biddable releases (1 year or more):

(8) offers should be tendered by 12:00 P.M. four Business Days before award;

(9) open season ends no later than 1:00 P.M. on the Business Day before timely nominations

are due (open season is three Business Days);

(10) evaluation period begins at 1:00 P.M. during which contingency is eliminated,

determination of best bid is made, and ties are broken;

(11) evaluation periods ends and award posting if no match required at 2:00 P.M.;

(12) match or award is communicated by 2:00 P.M.;

(13) match response by 2:30 P.M.;

(14) where match required, award posting by 3:00 P.M.;

(15) contract issued within one hour of award posting (with new contract number, when

applicable); nomination possible beginning at the next available nomination cycle for the effective

date of the contract. (Central Clock Time)