Mississippi Canyon Gas Pipeline, LLC

First Revised Volume No. 1

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

Third Revised Sheet No. 138 Third Revised Sheet No. 138

Superseding: Second Revised Sheet No. 138

GENERAL TERMS AND CONDITIONS (cont'd)

19.7 Billing and Payment - (cont'd)

(d) The ACQUIRING SHIPPER shall be obligated to pay Transporter

the reservation and commodity rates, plus all associated

volumetric surcharges, applicable to the volumes Transporter

transports under the ACQUIRING SHIPPER's FT-1 or FT-2

Transportation Service Agreement or Temporary Release

Agreement. Transporter will retain the transportation

charges and associated volumetric surcharges it received

from the ACQUIRING SHIPPER. If any of the charged billed to

and paid by the ACQUIRING SHIPPER under its FT-1 or FT-2

Transportation Service Agreement or Temporary Release

Agreement exceed the rate which the Commission determines to

be just and reasonable and Transporter is ordered to make

refunds, the ACQUIRING SHIPPER shall be eligible to receive

refunds to the extent of any payments it made in excess of

the rates the Commission subsequently determined to be just

and reasonable.

19.8 Offers to Acquire Firm Capacity:

Transporter agrees to post on its Internet Web Shipper at a

party's request offers to purchase firm capacity on a permanent or

temporary basis. Each offer will remain on the Internet Web

Shipper for five (5) business days before it is removed, unless

the requesting party notifies Transporter prior to the expiration

of any five-day period that it wishes to extend the posting for an

additional five (5) business days. All such parties must have met

the Pre-qualified Bidder Requirements pursuant to subsection 19.6

(e).

19.9 Timeline for Capacity Releases

The Capacity Release Timeline is applicable to all parties

involved in the capacity release process; subject to the provision

of this Section 19, if:

(a) all information provided by the parties to the transaction

is valid and the ACQUIRING SHIPPER has been determined to be

creditworthy before the capacity release is tendered and

(b) there are no special terms or conditions to the release.

(i) For biddable releases (1 year or less):

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

Business Day;