Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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Effective Date: 07/15/2000, Docket: RP00-317-000, Status: Effective

First Revised Sheet No. 119 First Revised Sheet No. 119 : Effective

Superseding: Original Sheet No.119

GENERAL TERMS AND CONDITIONS (cont'd)

19. SHIPPERS RELEASE OF FIRM CAPACITY

19.1 General:

This Section 19 sets forth the sole means by which a

Shipper under Rate Schedule FT-1 ("RELEASING SHIPPER"),

pursuant to Section 284.243 of the Commission's

Regulations, or a Shipper under Rate Schedule FT-2, may

release its firm capacity rights under a Transportation

Service Agreement with the Transporter to a third party

("ACQUIRING SHIPPER"). The provisions of Section 19

pertain solely to release of firm capacity rights under

FT-1 Transportation Service Agreements (TSA) for

subsequent service under Rate Schedule FT-1 or release

of firm capacity rights under FT-2 TSAs for subsequent

service under Rate Schedule FT-2 or FT-1.

19.2 Capacity Eligible For Release:

A RELEASING SHIPPER with an FT-1 or FT-2 TSA may

release firm capacity pursuant to this Section 19.

19.3 Types of Releases:

(a) Permanent Release: A RELEASING SHIPPER may release

all or part of its firm capacity under a TSA for

the entire remaining term of the TSA ("Permanent

Release") pursuant to the provisions of this

Section 19. A Permanent Release is an assignment

of capacity and any associated rights of the

RELEASING SHIPPER under Section 18 hereof for

avoiding pregranted abandonment. Therefore, the

ACQUIRING SHIPPER must meet Transporter's

requirements related to creditworthiness set forth

in Rate Schedules FT-1 or FT-2. The ACQUIRING

SHIPPER shall be required to execute a separate

TSA for the released capacity at or above the

maximum rate, if applicable, pursuant to Section

19.10 hereof, and applicable to and for the

primary term remaining under the RELEASING

SHIPPER's TSA, unless Transporter agrees otherwise

in a nondiscriminatory manner. Furthermore, the

ACQUIRING SHIPPER must contract for the Primary

Receipt and Delivery Points specifically set forth

in a RELEASING SHIPPER's Offer of firm capacity.

The ACQUIRING SHIPPER then has the right to

release its capacity on a permanent or temporary

basis under the terms and conditions of this

Section 19. Upon the successful completion of a

Permanent Release, the RELEASING SHIPPER shall be

responsible only for those charges under its TSA

incurred with respect to the released capacity

prior to the effective date of the Permanent

Release hereunder, as well as charges it continues

to incur for firm capacity not released on a

permanent basis.