Northern Border Pipeline Company

First Revised Volume No. 1

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Effective Date: 09/16/2009, Docket: RP09-540-001, Status: Effective

Substitute Eighth Revised Sheet No. 276 Substitute Eighth Revised Sheet No. 276

Superseding: Seventh Revised Sheet No. 276

GENERAL TERMS AND CONDITIONS

27. RELEASE OF FIRM CAPACITY (Continued)

27.40 Parameters for Capacity Release Transactions (Continued)

27.45 Re-release of Capacity

A Shipper who has obtained capacity under a

temporary release may re-release its capacity, in

whole or in part, except in those instances where a

re-release was prohibited by the prior Releasing

Shipper. Company shall allow re-releases on the

same terms and basis as the original release (except

as prohibited by regulations).

A Replacement Shipper acquiring capacity under a

temporary release can not re-release such capacity

under a permanent release. However, a Replacement

Shipper acquiring capacity under a temporary release

may re-release such capacity under a temporary release.

27.46 Prearranged Release of Capacity

A Releasing Shipper may identify in an Offer a

Designated Replacement Shipper for released capacity

under a permanent release or a temporary release

which shall be referred to as a prearranged release.

If an Offer containing a Designated Replacement

Shipper is made biddable by the Releasing Shipper, a

Designated Replacement Shipper will, in the event

that a "better bid" for released capacity is

received, have the option to match the "better bid"

in accordance with Subsection 27.70 hereof and

acquire the released capacity.

A Designated Replacement Shipper acquiring capacity

pursuant to this Subsection 27.46 shall be required

to execute the applicable Service Agreement with

Company for the capacity acquired which shall

contain the terms and conditions of the Offer and

awarded Bid.