East Tennessee Natural Gas, LLC

Third Revised Volume No. 1

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Effective Date: 04/20/2008, Docket: RP08-277-000, Status: Effective

Second Revised Sheet No. 400 Second Revised Sheet No. 400 : Effective

Superseding: First Revised Sheet No. 400

 

GENERAL TERMS AND CONDITIONS (Continued)

 

48. DISPOSITION OF RETAINED QUANTITIES

 

If Transporter desires to auction retained quantities at any time,

Transporter shall post a notice of such auction on the LINK® System at

least three (3) Business Days prior to the date on which bids will be

accepted. Such notice shall specify the quantity of gas to be

auctioned, the date on which the bids will be accepted, and the

evaluation method that will be used to determine the highest bid.

Transporter shall accept bids only during the time period from 7:00

A.M. CT until 11:00 A.M. CT on the day that bids are due. Prior to

4:00 P.M. CT of the same day, Transporter shall notify the Customer

submitting the highest bid; provided, however, Transporter reserves

the right to reject all bids. When the gas is purchased at auction,

Customer must provide identification of the existing transportation

service agreement with Transporter under which Customer shall

nominate, transport and deliver all gas by the end of the Month

following the Month in which the gas is purchased. Customer agrees to

pay the applicable transportation rate and a charge equivalent to the

maximum LNGS charge on the average daily balance for each Month

applicable to the period beginning when the bid was accepted at

auction and ending when the quantity of gas is delivered.