Columbia Gulf Transmission Company

Second Revised Volume No. 1

Effective Date: 06/11/2009, Docket: RP09-275-001, Status: Effective

Tenth Revised Sheet No. 193 Tenth Revised Sheet No. 193

Superseding: Ninth Revised Sheet No. 193

GENERAL TERMS AND CONDITIONS (Continued)

14.3 Bidding.

(a) Potential Replacement Shippers shall submit bids for released capacity which comport with the

methodology of the release notice stated in ten-thousandths of one dollar ($0.0000) per Dth one day per month

for reservation charges, or in hundredths of one cent (0.00¢) per Dth for one-part volumetric rate bids, or a

percent of maximum accompanied by a valid Bid for Capacity Release Form in the form included in this Tariff.

Bids submitted for a permanent release shall be submitted on a valid Request for Service as set forth in

Section 3 (Requests for Service) of the General Terms and Conditions. The maximum price cap for capacity

release transactions with a term of more than one year shall be the Recourse Rate. The maximum price cap will

not apply to capacity release transactions with a term of one year or less. Such bids (i) shall be submitted

electronically by potential Replacement Shippers to Transporter's EBB in the format established by Transporter

for such bids on the EBB, (ii) shall be displayed on the EBB when complete without revealing the identity of

the bidder during the bidding period, (iii) shall, in accordance with Transporter's specifications,

specifically reference the capacity for which the bid is being submitted; and (iv) must take effect on or

before one year from the date Transporter is notified of the release.

(b) A potential Replacement Shipper responding to the posting of a Release Notice shall be

permitted to bid a quantity and a term of service different from those specified in the posted Release Notice;

provided, however, that a Bidder shall not be permitted to bid a quantity or a term of service lower than any

minimum quantity or term disclosed and posted by Releasor in the Release Notice. Bidders must accept all

other conditions set forth in the Release Notice.

identities of other bidders. Bidders may submit multiple bids, each higher than the previous bid, during the

hours of 9:00 AM C.T. and 3:00 PM C.T. on the days on which the capacity is posted.

(d) All bidders (i) must have prequalified under Transporter's creditworthiness standards (ii)

appear on Transporter's Approved Bidders List and (iii) where execution of an Assignment Agreement will be

required within five days of its transmission by Transporter, have executed an Electronic Contracting

Agreement with Transporter, as required by Section 3 (Requests for Service), Section 9 (Operating Conditions),

and Section 5 (Service Agreement and Electronic Contracting) of the General Terms and Conditions.

(e) All bids for capacity release transactions shall not be less than the minimum rates permitted

by the Commission for the released services. Bids for capacity release transactions of one (1) year or less

shall not be less than the minimum rates permitted by the Commission for the released services. Bids for

capacity with a term of more than one (1) year: (1) shall not exceed the maximum rates; or (2) if offered at a

one-part volumetric rate (which shall apply only to the reservation portion of the rate) shall not exceed a

maximum rate calculated by converting the applicable maximum reservation charge into a volumetric charge at a

100 percent load factor, plus the applicable commodity charges.