ANR Pipeline Company

Second Revised Volume No. 1

Effective Date: 11/01/2006, Docket: RP06-613-000, Status: Effective

First Revised Sheet No. 151 First Revised Sheet No. 151 : Effective

Superseding: Original Sheet No. 151

GENERAL TERMS AND CONDITIONS

(Continued)

20. CAPACITY TRADING

This Section 20 sets forth the terms and conditions pursuant to

which certain Shippers may trade part or all of their rights to

have Gas transported by Transporter to and from Receipt Point(s)

and Delivery Point(s) specified in its Agreement, to and with

other Shippers. The rights to trade under this Section 20, shall

be limited to trades among those Shippers that have effective

Agreements for service under Rate Schedules FTS-1 or ETS of this

Tariff.

(a) All of the traded transportation entitlements of both

parties must relate to transportation to Primary Delivery

Point(s) located within the same pipeline segment of

Transporter, that is, Mainline Area Facilities, Southeast

Area Facilities, or Southwest Area Facilities, as the case

may be. In addition, each Shipper involved in the trade

shall be entitled to have Gas transported only to the

Primary Delivery Point(s) specified in that Shipper's

Agreement, but such Shipper shall have the right to Tender

Gas to Transporter at the Receipt Point(s) specified in the

other Shipper's Agreement, even if such Receipt Point(s)

utilize different Mainline Segments. The level of firm

service capacity entitlements traded shall be equal for each

Shipper.

(b) No trade hereunder shall be for a period of less than one (1)

year, and the term of the trade shall be the same for each

Shipper. Any trades shall be for a maximum period expiring

on the shorter term of the two Agreements that are traded

when the trade is for the entire length of such shorter term.

If the period of any trade is less than the remaining term of

any Agreement that is traded, the capacity entitlements

traded shall revert to the original Shipper(s), and each of

such Shipper(s) shall remain bound under the terms of its

original Agreement at the conclusion of the trade.

submitted in writing to Transporter, including particulars

of the transaction and transportation capacity to be traded

in reasonable detail, by February 1 of each year, and shall

become effective, if approved, on April 1 of such year.

Transporter, as a condition of review and approval of any

such request, may require that the parties to the proposed

trade furnish such additional information to Transporter as

Transporter may