Granite State Gas Transmission, Inc.

Fourth Revised Volume No. 1

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

Original Sheet No. 121 Original Sheet No. 121

GENERAL TERMS AND CONDITIONS

(Continued)

26. CAPACITY RELEASE (continued)

For biddable releases (1 year or more):

(8) offers should be tendered by 12:00 P.M. four

Business Days before award;

(9) open season ends no later than 1:00 P.M. on the

Business Day before timely nominations are due (open season is

three Business Days);

(10) evaluation period begins at 1:00 P.M. during which

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

ties are broken;

(11) evaluation periods ends and award posting if no

match required at 2:00 P.M.;

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

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

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

(15) contract issued within one hour of award posting

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

beginning at the next available nomination cycle for the effective

date of the contract. (Central Clock Time)

For non-biddable releases:

Timely Cycle

(16) posting of prearranged deals not subject to bid

are due by 10:30 A.M.;

(17) 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. (Central Clock Time).

Evening Cycle

(18) posting of prearranged deals not subject to bid

are due by 5:00 P.M.;

(19) 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. (Central Clock Time)