Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

Effective Date: 03/01/2009, Docket: RP09-329-000, Status: Effective

Second Revised Sheet No. 121 Second Revised Sheet No. 121

Superseding: First Revised Sheet No. 121

GENERAL TERMS AND CONDITIONS (cont'd)

19.3 Types of Releases - (cont'd)

(d) Prearranged Release of Firm Capacity:

(i) A RELEASING SHIPPER who wishes to release its firm

capacity on a prearranged basis to a third party

(ACQUIRING SHIPPER) for a term of 31 days or less may

do so without posting on Internet Web Site the terms

of the Prearranged Release. The minimum term for such

release shall be one (1) contract day and the term

must be for consecutive number of days within the same

calendar month. Transporter shall post on its

Internet Web Site the terms of the prearranged release

by 9:00 a.m. CCT on the day of nomination.

(ii) A RELEASING SHIPPER who wishes to temporarily release

its firm capacity on a prearranged basis to a third

party for a period in excess of 31 days shall post or

have posted on Transporter's Internet Web Site the

terms and provisions under which the firm capacity is

proposed to be released for the purpose of soliciting

competitive bids. The minimum term of the release

shall be for a consecutive number of days greater than

31 days.

(iii) An open season is not required for: (a) a Prearranged

Release for the maximum charge applicable to the

capacity being released provided that the release term

is more than one Year; (b) a Short-term Prearranged

Release (31 Days or less; (c) a release to an asset

manager (AMA), as defined by FERC regulations at 18

CFR 284.8; or (d)releases to a marketer participating

in a state-regulated retail access program), as

defined by FERC regulations at 18 CFR 284.8.

(iv) Once the term of a release under subsection 19.3(d)(i)

has expired, the RELEASING SHIPPER cannot rollover,

extend or in any way continue a release of capacity to

the same ACQUIRING SHIPPER under subsection 19.3(d)(i)

until twenty-eight (28) days or more has elapsed since

the termination of such release, with the exception of

releases to an AMA or to a participant in a state-

approved retail access program.

(v) Except as provided herein, all terms and conditions

applicable to release of firm capacity under

Transporter's Gas Tariff shall apply to any

prearranged release of firm capacity.