Guardian Pipeline, L.L.C.

Original Volume No. 1

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

Fourth Revised Sheet No. 184 Fourth Revised Sheet No. 184

Superseding: Third Revised Sheet No. 184

GENERAL TERMS AND CONDITIONS

(Continued)

21. CAPACITY RELEASE (Continued)

(c) In the event Releasing Shipper presents a PRS that is

on the approved bidders list; the term of the release

is over one year, or, if the term of the release is

one year or less and the release will take effect more

than one year from the date Releasing Shipper presents

such PRS to Transporter; and such PRS agrees to pay

the applicable Maximum Rate and agrees to all other

conditions of the release prior to the submission of

the Offer to Transporter, the released capacity will

be assigned to the PRS and such Offer shall be exempt

from the bidding process in accordance with

Section 21.4 herein. The PRS will be posted as the

winning bidder in accordance with Section 21.4(i)

herein.

(d) Timing of Capacity Releases Exempt from Bidding

For non-biddable releases, the posting of the Offer

for prearranged deals not subject to bid are due

(Central Time):

(1) Timely Cycle - by 10:30 a.m.

(2) Evening Cycle - by 5:00 p.m.

(3) Intra-day 1 Cycle - by 9:00 a.m.

(4) Intra-day 2 Cycle - by 4:00 p.m.

The capacity release addendum number will be issued

within one hour of the award posting. Nomination is

possible beginning at the next available nomination

cycle for the effective date of the capacity release

addendum.