Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 01/31/2003, Docket: RP01-343-000, Status: Effective

Second Revised Sheet No. 303 Second Revised Sheet No. 303 : Superseded

Superseding: First Revised Sheet No. 303

GENERAL TERMS AND CONDITIONS

(Continued)

29. CAPACITY RELEASE (continued)

29.8 Capacity Release Timeline

(a) The evaluation period ends at 3:15 p.m. CT, after which time Transporter shall notify any

Prearranged Bidder of any competing bid that has a higher value.

(b) The Prearranged Bidder's response whether or not to match a competing bid is due by 4:00 p.m.

CT.

(c) Transporter shall post the winning bids for bidded release by 5:00 p.m. CT on the day prior to

the nomination deadline.

(d) Transporter shall tender a contract with a contract number by 10:00 a.m. CT on the day of the

nominations deadline applicable to the effective date of the release.

For longer term releases (five (5) months or more):

(e) Offers should be tendered by 1:00 p.m. CT four business days prior to the nomination deadline

applicable to the effective date of the release.

(f) Open season ends no later than 2:00 p.m. CT on the day before nominations are due (open season

is three business days).

(g) The evaluation period begins at 2:00 p.m. CT during which contingency is eliminated,

determination of best bid is made, and ties are broken.

(h) The evaluation period ends at 3:15 p.m. CT, after which time Transporter shall notify any

Prearranged Bidder of any competing bid that has a higher value.

(i) The Prearranged Bidder's response whether to match the competing bid or not is due by 4:00 p.m.

CT.