Gulf States Transmission Corporation

Original Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-416-000, Status: Effective

Fourth Revised Sheet No. 58S Fourth Revised Sheet No. 58S : Effective

Superseding: Third Revised Sheet No. 58S

GENERAL TERMS AND CONDITIONS (continued)

In addition, Releasing Shipper may terminate the release of capacity to

an Acquiring Shipper if such Shipper fails to pay all of the amount of

any bill for gas delivered under the capacity release transaction when

such amount is due, in accordance with said Section 7 of the General

Terms and Conditions of this Tariff. Once terminated, capacity and all

applicable charges shall revert to the Releasing Shipper. Unless the

Acquiring Shipper provides documentation specifying otherwise, all

payments received from an Acquiring Shipper shall first be applied to the

reservation charge(s) due for transportation service and then to any

reservation surcharges(s), including late charges related solely to such

reservation charge(s), then to any penalty due, then to usage charges,

and last to late charges not related to any reservation charge(s) due.

23.17 Nominations and Scheduling. An Acquiring Shipper shall nominate and

schedule natural gas for transportation service hereunder directly with

Transporter in accordance with the applicable procedures set forth in

this Tariff. Releasing Shippers may, to the extent permitted as a

condition of the capacity release, recall released capacity by providing

notice to Transporter in accordance with the following timeline.

For Recall Notification NAESB Standard 5.3.44 (R02002) states:

(i) Timely Recall Notification:

(a) A Releasing Customer recalling capacity should provide

notice of such recall to the Seller and the first

Replacement Customer no later than 8:00 a.m. on the day

that Timely Nominations are due;

(b) The Seller should provide notification of such recall to

all affected Replacement Customers no later than 9:00

a.m. on the day that Timely Nominations are due (Central

Clock Time);

(ii) Early Evening Recall Notification:

(a) A Releasing Customer recalling capacity should provide

notice of such recall to the Seller and the first

Replacement Customer no later than 3:00 p.m. on the day

that Evening Nominations are due;

(b) The Seller should provide notification of such recall to

all affected Replacement Customers no later than 4:00 p.m.

on the day that Evening Nominations are due (Central Clock

Time);

(iii) Evening Recall Notification:

(a) A Releasing Customer recalling capacity should provide

notice of such recall to the Seller and the first

Replacement Customer no later than 5:00 p.m. on the day

that Evening Nominations are due;

(b) The Seller should provide notification of such recall to

all affected Replacement Customers no later than 6:00 p.m.

on the day that Evening Nominations are due (Central Clock

Time);