Granite State Gas Transmission, Inc.

Fourth Revised Volume No. 1

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Effective Date: 03/01/2010, Docket: RP10-322-000, Status: Effective

Original Sheet No. 120 Original Sheet No. 120

GENERAL TERMS AND CONDITIONS

(Continued)

26. CAPACITY RELEASE (continued)

26.7 Bidding Process

(vi) Whether Replacement Shipper is willing to acquire

capacity rights subject to recall by the

Releasing Shipper, and

(vii) Whether or not the Bidder is an affiliate of the

Releasing Shipper.

Any bid received by Transporter during the bidding period

shall be binding on the Bidder unless electronic notice of

withdrawal is received by Transporter prior to the close of the

bidding period. Bids cannot be withdrawn after the bid period

ends. To be considered valid, the bid must satisfy the minimum

terms imposed by the Releasing Customer.

26.8 Capacity Release Timeline

(a) The Capacity Release timeline 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 credit worthy before the capacity release bid is

tendered and 2) there are no special terms or conditions of the

release.

(b) Capacity Release Timeline:

For biddable releases (less than 1 year):

(1) offers should be tendered by 12:00 P.M. on a

Business Day;

(2) open season ends no later than 1:00 P.M. on a

Business Day (evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid is made, and

ties are broken);

(3) evaluation period ends and award posting if no match

required at 2:00 P.M.;

(4) match or award is communicated by 2:00 P.M.;

(5) match response by 2:30 P.M.;

(6) where match required, award posting by 3:00 P.M.;

(7) contract issued within one hour of awarding posting

(with a new contract number, when applicable); nomination possible

beginning at the next available nomination cycle for the effective

date of the contract. (Central Clock Time)