Northern Border Pipeline Company

First Revised Volume No. 1

Effective Date: 09/16/2009, Docket: RP09-540-000, Status: Effective

Sixth Revised Sheet No. 273 Sixth Revised Sheet No. 273

Superseding: Fifth Revised Sheet No. 273

GENERAL TERMS AND CONDITIONS

27. RELEASE OF FIRM CAPACITY (Continued)

27.20 Offer Requirements

A Releasing Shipper who elects to release its firm capacity

on either a permanent basis or a temporary basis, must

specify the terms and conditions upon which it will release

its capacity in an Offer.

A release of firm capacity is not subject to Bid if 1) the

release is at the Maximum Rate for a term of more than one

year or 2) the release period is 31 days or less and the

Releasing Shipper elects not to make the release biddable or

3) the release is to an asset manager under an Asset

Management Arrangement (AMA) as defined in 18 CFR 284.8(h)(3)

or to a marketer participating in a state-regulated retail

access program as defined in 18 CFR 284.8(h)(4) (AMA Release).

Except for capacity released to an AMA or marketer

participating in a state-regulated access program, a

Releasing Shipper may not roll over, extend or in any way

continue a release to the same Designated Replacement

Shipper that obtained capacity for a term of thirty-one

days or less through a release which was not subject to

Bid, until a minimum of twenty-eight days after the first

release period has ended. However, the twenty-eight day

waiting period is not applicable to a re-release of

capacity to the same Designated Replacement Shipper if the

Releasing Shipper posts such capacity for Bid or the

re-release is otherwise exempt from bidding as detailed

above.

An Offer must conform to the parameters set forth herein in

Subsection 27.40 and must comply with NAESB WGQ Data Set 5.4.7.

The terms and conditions included in the Offer shall be

objectively stated and be applicable to all potential

bidders on a non-discriminatory basis.

Releasing Shipper may submit an Offer to Company in writing

or electronically for posting.

An Offer expires on the Bid Closing Date if no Bid is received.