Columbia Gulf Transmission Company

Second Revised Volume No. 1

Effective Date: 10/01/2002, Docket: RP02-475-000, Status: Effective

Third Revised Sheet No. 190 Third Revised Sheet No. 190 : Effective

Superseding: Second Revised Sheet No. 190

GENERAL TERMS AND CONDITIONS (Continued)

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. 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

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)