Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-374-000, Status: Effective

Second Revised Sheet No. 155-A Second Revised Sheet No. 155-A : Effective

Superseding: First Revised Sheet No. 155-A

GENERAL TERMS AND CONDITIONS

(Continued)

15. CAPACITY RELEASE PROGRAM (Continued)

15.8 Applicable Deadlines. (Continued)

(2) Evening Cycle

(i) posting of prearranged deals not subject to bid are

due by 5:00 p.m.;

(ii) 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)

(3) Intraday 1 Cycle

(i) posting of prearranged deals not subject to bid are

due by 9:00 a.m.;

(ii) 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)

(4) Intraday 2 Cycle

(i) posting of prearranged deals not subject to bid are

due by 4:00 p.m.;

(2) 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)

15.9 Submission of Release Requests and Bids.

(a) All parties will electronically submit all necessary

information, Release Requests and bids to Transporter.

(b) Any party designated as a pre-arranged bidder on a Release

Request will confirm acceptance of the Releasing Shipper's

offer by electronic execution of Replacement Shipper's

contract prior to 10:00 a.m. CCT one Business Day prior to

gas flow.