Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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

First Revised Sheet No. 182 First Revised Sheet No. 182

Superseding: Original Sheet No. 182

GENERAL TERMS AND CONDITIONS

(CONTINUED)

No bid shall exceed the maximum applicable

Recourse Rates, in addition to any and all

applicable fees and surcharges, as specified in

this Tariff; provided, however, for releases

that become effective on or after July 30,

2008, the rate specified by the Bidding Shipper

may exceed the maximum tariff rate for the

applicable service if (i) the term of the

proposed release is one (1) year or less, and

(ii) the effective date of the proposed release

is on or before one (1) year from the date on

which Transporter is notified of the release.

The quantity or the requested term of the

release of such bid shall not exceed the

maximum quantity or primary term specified in

the executed Agreement.

(i) Pre-Arranged Release. Releasing Shipper shall have

the right to elect not to post a release for bidding

(1) if the proposed capacity release has a duration of

thirty-one (31) days or less, (2) for proposed

capacity releases with a term of more than one (1)

year at the maximum Recourse Rate, (3) for any release

of capacity to an asset manager (as defined in Section

284.8(h)(3) of the Commission's regulations), or (4)

for any release of capacity to a marketer

participating in a state-regulated retail access

program as defined in Section 284.8(h)(4) of the

Commission's regulations. If Releasing Shipper

exercises such right, Releasing Shipper must notify

Transporter prior to the nomination of the released

entitlements, and the Replacement Shipper shall adhere

to the requirements set forth in Section 26.2.

Releasing Shipper will post the information on 1LineSM

by 9:00 a.m. the Day before the release transaction

begins. The Replacement Shipper shall confirm the

prearranged release by 9:30 a.m. and meet any

eligibility requirements under this Section 26. For

releases that become effective on or after July 30,

2008, any release, with the exception of releases to

an asset manager or to a marketer participating in a

state-regulated retail access program, with a term

that is greater than thirty-one (31) Days and less

than or equal to one (1) year must be posted for

bidding pursuant to Section 26.1(g) above, regardless

of the proposed rate. Transporter will support the

electronic upload of prearranged releases.