Granite State Gas Transmission, Inc.

Third Revised Volume No. 1

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Effective Date: 02/10/1998, Docket: RP97-153-000, Status: Effective

First Revised Sheet No. 306 First Revised Sheet No. 306 : Effective

Superseding: Original Sheet No. 306

GENERAL TERMS AND CONDITIONS

(continued)

29. CAPACITY RELEASE (continued)

29.10 Right of First Refusal

In the case of a pre-arranged bid, if the bid submitted by

another Bidder exceeds the value of the bid submitted by the Pre-

arranged Replacement Customer, the Pre-arranged Replacement

Customer will be given the opportunity to match the terms of the

best bid. Within one (1) hour of the close of the bidding

period, Transporter will notify the Releasing Customer and the

Pre-arranged Replacement Customer of the terms of the better bid.

The Pre-arranged Replacement Customer will then have one (1)

hour to match those terms. Otherwise, the capacity will be

awarded to the other Bidder.

29.11 Capacity Not Released

The Releasing Customer shall retain all of the capacity that is

not acquired by a Replacement Customer as the result of the

bidding process or a pre-arranged deal.

29.12 Notice of Completed Transactions:

Immediately after capacity has been awarded pursuant to this

Article 29, Transporter will post electronically a notice of

completed transaction containing the following information:

(i) term of release;

(ii) price(s) as bid;

(iii) primary receipt and delivery points;

(iv) quantity in Dth;

(v) whether the capacity is firm or firm recallable;

(vi) the name of the Replacement Customer and whether the

Replacement customer is affiliated with the Releasing

Customer.