Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

Effective Date: 01/31/2003, Docket: RP02-464-000, Status: Effective

Fourth Revised Sheet No. 300 Fourth Revised Sheet No. 300 : Effective

Superseding: Third Revised Sheet No. 300

GENERAL TERMS AND CONDITIONS

(Continued)

29. CAPACITY RELEASE (Continued)

29.4 Notice by Releasing Customer (Continued)

The Releasing Shipper may withdraw its Notice at any time prior to the close of the Bid Period

associated with such notice, where unanticipated circumstances justify the withdrawal and no bids meeting the

minimum conditions have been made. The Releasing Shipper's notice will be legally binding on the Releasing

Shipper until the electronic notice of withdrawal is received by Transporter.

29.5 Notice of Pre-arranged Release

If the Releasing Customer has a Pre-arranged Replacement Customer for the released capacity, it must include

in the notice required in this Article 29 the existence of a Pre-arranged Replacement Customer, the terms of

the pre-arranged deal and whether the Pre-arranged Replacement Customer is an affiliate of the Releasing

Customer. If the pre-arranged release is for a term of 31 days or less, the information required under

Article 29.4 (vii)-(xiii) may be omitted. Prearranged short-term releases cannot be rolled over, renewed, or

otherwise be extended without complying with the competitive bidding requirements of this Article 29 and may

not be re-released to the same Replacement Customer until 28 days after expiration of the original release. A

contract shall be issued to the Pre-arranged Replacement Customer in accordance with the Capacity Release

timeline under Section 29.8 below. The Pre-arranged Replacement Customer may make a nomination at the

beginning of the next available nomination cycle. In the event Shipper has not executed the Contract prior to

making its nomination, Shipper shall be deemed to have executed Transporter’s pro forma Gas Transportation

Contract.

29.6 Offers to Purchase Capacity

Any party interested in acquiring capacity through Transporter's Capacity Release Program may provide

Transporter with a complete offer to purchase capacity. Transporter will post any such offer on its IWS for

the period requested by the offering party. Transporter shall assess a nominal fee for posting such notices

to recover its variable cost of providing such service.