Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

Effective Date: 02/26/2009, Docket: RP09-297-000, Status: Effective

Third Revised Sheet No. 177 Third Revised Sheet No. 177

Superseding: Second Revised Sheet No. 177

GENERAL TERMS AND CONDITIONS

(CONTINUED)

(2) For biddable releases (more than one (1) year):

- Offers should be tendered by 12:00 P.M. four

Business Days before award;

- 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);

- Evaluation period begins at 1:00 P.M. during

which contingency is eliminated, determination

of best bid is made, and ties are broken;

- Evaluation period ends and award posting if no

match required at 2:00 P.M.;

- Match or award is communicated by 2:00 P.M.;

- Match response by 2:30 P.M.;

- Where match required, award posting by 3:00

P.M.; and

- 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) For non-biddable releases:

Timely Cycle: