Freebird Gas Storage, L.L.C.

First Revised Volume No. 1

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Effective Date: 03/20/2009, Docket: RP09-373-000, Status: Effective

First Revised Sheet No. 120 First Revised Sheet No. 120

Superseding: perseding Original Sheet No. 120

applicable). Nominations for Gas flow are possible beginning at the

next available nomination cycle for the effective date of the contract.

Such nominations will be processed in accordance with the nomination

and scheduling requirements of Section 8 of the General Terms and

Conditions; however, in no circumstance will Gas flow prior to the

effective date of the release as specified in Releasing Shipper’s

offer. If a release of capacity is exempt from bidding because it is

for a term of thirty-one (31) days or less, a Shipper may not roll-over,

extend, or in any way continue the release to the same Shipper using

the thirty-one (31) day or less bidding exemption, unless the Shipper

complies with the posting and bidding requirements of Section 4.3 or

not less than twenty-eight (28) days have elapsed since the conclusion

of the prior release period.

If Releasing Shipper desires to solicit bids for releases of thirty-one

(31) Days or less, to an asset manager (as defined by FERC regulations

at 18 C.F.R. § 284.8(h)(3)) or to a marketer participating in a

state-regulated retail access program (as defined by FERC regulations

at 18 C.F.R. § 284.8(h)(4)), it may direct Freebird to post notice of

the availability of such capacity and, in lieu of permitting bids

during the otherwise applicable posting period, award the capacity

to the bidder which submits first in time a valid bid meeting any

minimum terms specified by the Releasing Shipper.

4.4 Pre-arranged Releases. Shipper may designate a Prearranged

Shipper to which it has agreed to release the capacity upon specified

terms and conditions. Shipper’s offer to release under such a pre-

arranged transaction shall be subject to the posting and bidding

procedures described in Sections 4.5 and 4.6, herein, with the

Prearranged Shipper being given a right to match the best bid

submitted during the bid period; provided, however, if a pre-arranged

transaction with a Prearranged Shipper is for a period of thirty-

one (31) Days or less, the Releasing Shipper shall provide notice to

Freebird in accordance with this Section and may implement the

release without complying with such prior posting and bidding

procedures. Notice of such exempted releases shall be posted on

the Internet Web Site in accordance with Section 4.3 herein.

4.5 Posting. Following receipt of a notice of offer to release

capacity which satisfies the requirements set forth in this Section,

Freebird will post such information on its Internet Web Site in

accordance with the timeline set forth in Section 4.3 herein. Freebird

shall also post offers to purchase capacity from those who desire current

Shippers to release capacity upon receipt of the applicable information

as set forth in this Section.

Freebird shall post offers and bids, including pre-arranged deals,

upon receipt, unless Releasing Shipper requests otherwise. If a

Releasing Shipper requests a posting time, Freebird shall support such

request insofar as it comports with the standard timeline. A Releasing

Shipper cannot specify an extension of the original bid period or the

pre-arranged deal match period, without posting a new release.