Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 02/01/2009, Docket: RP09-255-000, Status: Effective

Original Sheet No. 181A Original Sheet No. 181A

GENERAL TERMS AND CONDITIONS

(Continued)

21. CAPACITY RELEASE (Continued)

(11) The minimum rate, including the tariff

reservation rate and all demand surcharges as a

total number or as stated separately, expressed

in dollars and cents or percentage of Maximum

Tariff Rate, term, and quantity of capacity

Releasing Shipper shall accept, if any, and

whether bids using a volumetric rate for the

collection of Reservation Charges will be

accepted and whether Releasing Shipper requires a

volumetric commitment. For releases with a term

of more than one year, and for releases with a

term of one year or less that will take effect

more than one year from the date Releasing

Shipper notifies Transporter of the release, the

maximum reservation rate that may be bid shall

not exceed the Maximum Rate for the applicable

service being released as set forth on the

applicable currently effective tariff sheets, and

the maximum volumetric rate that may be bid shall

not exceed the one hundred percent (100%) load

factor equivalent of the maximum rate, which

Reservation rate equals the Authorized Overrun

rate for the applicable service being released as

set forth on the effective rate tariff sheets.

Transporter shall support volumetric releases

with volumetric commitments by fully accounting

for volumetric and reservation components,

consistent with the rules and regulations

enunciated by the Commission.