Guardian Pipeline, L.L.C.

Original Volume No. 1

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

Fourth Revised Sheet No. 185 Fourth Revised Sheet No. 185

Superseding: Third Revised Sheet No. 185

GENERAL TERMS AND CONDITIONS

(Continued)

21. CAPACITY RELEASE (Continued)

(b) The capacity release timeline in CCT is applicable to all

parties involved in the Capacity Release process; however,

it is only applicable if 1) all information provided by the

parties to the transaction is valid and the acquiring

Shipper has been determined to be creditworthy before the

capacity release bid is tendered and 2) there are no

special terms or conditions of the release. 5.3.1/v1.0]

[5.3.2/v1.7]

For biddable releases (less than one year)

(i) Offers shall be tendered by 12:00 p.m. (CCT) on a

Business Day;

(ii) Open season ends no later than 1:00 p.m. (CCT) on a

Business Day (evaluation period begins at 1:00 p.m.

(CCT) during which contingency is eliminated,

determination of Best Bid is made, and ties are

broken);

(iii) Evaluation period ends and awards posted if no match

required at 2:00 p.m. (CCT);

(iv) Match or award is communicated by 2:00 p.m. (CCT);

(v) Match response by 2:30 p.m. (CCT);

(vi) Where match required, award posting by 3:00 p.m.

(CCT);

(vii) Contract issued within one hour of award posting

(with a new contract number, when applicable);

nomination possible beginning at the next available

nomination cycle for the effective date of the

contract.