El Paso Natural Gas Company

Second Revised Volume No. 1A

Effective Date: 04/01/2010, Docket: RP10-454-001, Status: Effective

Fourth Revised Sheet No. 279 Fourth Revised Sheet No. 279

Superseding: Third Revised Sheet No. 279

TRANSPORTATION GENERAL TERMS AND CONDITIONS

(Continued)

9. CAPACITY RELEASE PROGRAM (Continued)

9.7 Open Season and Matching Period - The minimum term of any open

season to be held as a consequence of the posting by a Releasing

Shipper of its election to release capacity in accordance with

Sections 9.3 or 9.4 hereof shall be as specified below, except that

no open season shall be required for a pre-arranged release that

is: (1) a release for more than one Year at the maximum

reservation charge(s) and reservation surcharge(s) applicable to

the rate schedule pursuant to which capacity is released under this

Volume No. 1A Tariff as in effect from time to time; (2) a release

for any period of thirty-one (31) Days or less; (3) a release to an

asset manager as defined by FERC regulations at 18 C.F.R 284.8; or

(4) a release to a marketer participating in a state-regulated

retail access program as defined by FERC regulations at 18 C.F.R.

284.8.

Any capacity release transactions effectuated during the period

between July 30, 2008 and November 21, 2008, shall be grandfathered

and shall not be required to comply with the requirement of 18

C.F.R. 284.8(b)(2), that releases with a rate greater than the

maximum rate must take effect on or before one year from the date

on which the pipeline is notified of the release.

(a) Capacity released under a pre-arrangement, for a period of

thirty-one (31) Days or less may not be rolled over or

extended unless an offer to release is posted on

Transporter's EBB, prior to the effective date of the

rollover or extension, treating the extension or rollover as

a pre-arranged release and initiating the appropriate open

season. A Releasing Shipper may not re-release capacity

subject to this paragraph (a) to the same Acquiring Shipper

until twenty-eight (28) Days after the first release period

has ended. The 28-Day hiatus does not apply to any re-

release to the same Acquiring Shipper that is posted for

bidding or that qualifies for any of the other exemptions

from bidding in Section 9.7 of the GT&C.

(b) Minimum posting periods shall be as follows (NAESB Standard

5.3.2, as modified by Order No. 712):

For biddable releases (one (1) Year or less):

(i) offers should be tendered by 12:00 p.m. on a

Business Day;