Sabine Pipe Line Company LLC

Original Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-367-000, Status: Effective

Third Revised Sheet No. 253 Third Revised Sheet No. 253 : Effective

Superseding: Second Revised Sheet No. 253

10.4 Capacity Release Timeline

The Capacity Release timeline is applicable to all

parties involved in the Capacity Release process;

however, it is only applicable if 1) all information

provided by the parties to the transaction is valid and

the Replacement Shipper has been determined to be

creditworthy before the capacity release bid is

tendered, and 2) there are no special terms or

conditions of the release. (NAESB WGQ 5.3.1)

In accordance with NAESB WGQ Standard 5.3.2, the

following will apply:

a) For biddable releases (less than 1 year):

- offers should be tendered by 12:00 P.M. on a

Business Day;

- open season ends no later than 1:00 P.M. on a

Business Day (evaluation period begins at

1:00 P.M. during which contingency is

eliminated, determination of best bid is

made, and ties are broken);

- evaluation period ends and award posting if

no match required at 2:00 P.M.;

- match or award communicated by 2:00 P.M.;

- match response by 2:30 P.M.;

- where match required, award posting by 3:00

P.M.;

- contract issued within one hour of award

posting (with a new contract number, when

applicable); nomination possible beginning at

the next available nomination cycle for the

effective date of the contract. (Central

Clock Time)