Columbia Gulf Transmission Company

Second Revised Volume No. 1

Effective Date: 02/26/2009, Docket: RP09-275-000, Status: Effective

Ninth Revised Sheet No. 192 Ninth Revised Sheet No. 192

Superseding: Eighth Revised Sheet No. 192

GENERAL TERMS AND CONDITIONS (Continued)

(b) Informational Posting. For any exempt transaction, as described in paragraph (a) immediately

above, Releasor, shall provide Transporter, for contract execution purposes, and shall post on Transporter's EBB

in accordance with the Capacity Release timeline under Section 14.(c) above: (i) the information required for a

Release Notice; (ii) the price and term of the assignment; (iii) the identity of the Replacement Shipper; and

(iv) for releases to an asset manager (as defined in Section 284.8 of the Commission's regulations), the asset

manager's delivery obligation to Releasor. Releasor may post such exempt transactions at any time. Transporter

shall issue an Assignment Agreement within one (1) hour of such posting and shall allow nominations under such

Assignment Agreement in the next available nomination cycle. In the event Shipper had not executed the

Assignment Agreement prior to making its nomination, Shipper shall be deemed to have executed the Assignment

Agreement with Transporter pursuant to which the nomination is being made.

transaction to assign service to a designated Replacement Shipper for a period of 31 days or less, as described

in Section 14.2(a)(i) above: (i) shall not roll over, extend, or otherwise continue that release beyond its

original term without complying with the ordinary posting and competitive bidding requirements applicable to all

non-exempt transactions, as set forth in this Section, unless the rollover, extension, or continuation is at the

maximum rate for a term of more than one (1) year, meets all of the terms and conditions of the Release Notice,

and qualifies as an exempt transaction under Section 14.2(a) above; and (ii) shall not, pursuant to the

short-term exemption of Section 14.2(a)(i), re-release to the same Replacement Shipper for 28 days after

termination of the earlier release period without fully complying with the ordinary posting and competitive

bidding requirements applicable to all non-exempt transactions, as set forth in this Section, unless the

re-release is at the maximum rate for a term of more than one (1) year, meets all of the terms and conditions of

the Release Notice, and qualifies as an exempt transaction under Section 14.2(a) above. This Section does not

apply to releases to an asset manager or releases to a marketer participating in a state-regulated retail access

program.

(d) Timing and Duration of Posting. Offers by potential Releasors to release and assign capacity

shall be posted on Transporter's EBB in accordance with the Capacity Release timeline under Section 14.(c)

above. Releasor may not specify an extension of the original bid period without posting a new release.

(e) Method to Post. Transporter shall post offers and bids, including prearranged deals, upon

receipt. Releasor may request a later posting time for posting of such offer, and Transporter shall support

such request insofar as it comports with the standard Capacity Release timeline specified in GISB standard No.

5.3.2.