Northern Border Pipeline Company

First Revised Volume No. 1

Effective Date: 09/09/2009, Docket: RP09-880-001, Status: Effective

Substitute Original Sheet No. 308 Substitute Original Sheet No. 308

Superseding: Original Sheet No. 308

GENERAL TERMS AND CONDITIONS

46. OPERATIONAL PURCHASES AND SALES OF GAS

46.2 Solicitation of Bids (Continued)

Company shall ask prospective bidders to place a bid by fax

or electronic mail with such bid(s) containing the following

information: 1) bidder's legal name and the name, title,

address, and phone number of individual authorized to

purchase or sell natural gas; 2) bidder's price;

3) information addressing all criteria requested by Company

in its posting; 4) any conditions on the prospective

bidder's offer to purchase and/or sell gas. Company shall

evaluate bid(s) and shall award such purchase and/or sale of

gas to the prospective bidder having a bid containing the

lowest bid (if a purchase) or the highest bid (if a sale)

and otherwise matching all terms and conditions requested by

Company in its posting.

Company reserves its right, in its sole discretion, to

1) withdraw its postings; 2) reject all bids due to

operational changes; and 3) reject any bid which is not

complete, which contain modifications to the terms of the

posting or which contain terms that are operationally

unacceptable.

The above procedures shall not apply in emergency

situations. Purchases and sales of natural gas in emergency

situations shall be reported in accordance with

Subsection 46.3 herein.

46.3 Reporting Requirements

Company will file an annual report on or before May 1 of

each year reflecting the operational purchases and sales for

the 12-month period ending the preceding December 31. The

report will state the source of the gas purchased/sold, the

date of the purchases/sales, volumes, the purchase/sales

price, the cost and revenues for such purchase/sales, the

disposition of the associated costs and revenues for all

operational purchases and sales, and an explanation of the

purpose of any operational purchases and sales transaction.