Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 07/30/2008, Docket: RP09-306-002, Status: Effective

Substitute Third Revised Sheet No. 143 Substitute Third Revised Sheet No. 143

Superseding: Third Revised Sheet No. 143

. GENERAL TERMS AND CONDITIONS .

(Continued)

15. CAPACITY RELEASE PROGRAM (Continued)

15.3 Releases Permitted Without Prior Posting and Bidding. (Continued)

(a) 31 Days or Less Release Election: Prior posting and bidding

pursuant to the procedures set forth in this Section 15 will

not be required if:

(1) the Release is for a term of 31 days or less;

(2) the Releasing Shipper has submitted to Transporter a

Release Request with respect to the Release;

(3) the proposed Replacement Shipper has entered into an

effective Released Transportation Service Agreement

with Transporter incorporating the information, terms

and conditions contained in the Releasing Shipper's

Release Request;

(4) the Release is not rolled-over, renewed or otherwise

extended beyond the term described in Section

15.3(a)(1), unless the Releasing Shipper either

follows the prior posting and bidding procedures set

forth in this Section 15, or the new or extended

Release is exempt from the prior posting and bidding

procedures pursuant to the provisions of Section

15.3(b), (c) or (d); and

(5) the commencement date of the term of any Release under

this Section 15.3(a) is at least 28 Days after the

termination date of any previous Release under this

Section 15.3(a) by Releasing Shipper to the same

Replacement Shipper, or if the previous Release to the

same Replacement Shipper occurred either pursuant to

the prior posting and bidding procedures set forth in

this Section 15 or pursuant to Section 15.3(b), (c) or

(d).

In the event the Releasing Shipper elects to release its

Transportation rights under this Section 15.3(a) without prior

posting and bidding, then Transporter will post the terms and

conditions of the Release and the identity of the Replacement

Shipper on its Designated Site no later than when the first

nomination is submitted under the transaction. Such posting will

state whether the capacity release is a Release to a marketer

participating in a state-regulated retail access program or a

Release to an asset manager and will describe the asset manager's

obligation to deliver to or purchase gas from the Releasing

Shipper.