Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-357-000, Status: Effective

First Revised Sheet No. 124 First Revised Sheet No. 124

Superseding: Original Sheet No. 124

GENERAL TERMS AND CONDITIONS

(Continued)

c. For releases of 31 days or less, if

the Releasing Shipper identifies a

Prearranged Replacement Shipper, and the

Prearranged Replacement Shipper agrees to

pay the applicable maximum rate and

agrees to comply with all the conditions

of the release, the notice and bidding

procedures of this section shall not

apply and VGS will offer the capacity to

the Prearranged Replacement Shipper,

subject to the time line set forth in

Subsection 13.4(a) and (b). If the

Prearranged Replacement Shipper has not

agreed to pay the applicable Maximum Rate

and if the best bid(s) exceed(s) the bid

agreed upon by the Prearranged

Replacement Shipper, the Prearranged

Replacement Shipper must notify VGS that

it wishes to take the released capacity

and that it will match the bid, subject

to the time line set forth in Subsection

13.4(a) and (b). If the Prearranged

Replacement Shipper provides such timely

notice, VGS shall tender a Confirmation

Letter pursuant to the Form of Service

Agreement for Firm Transportation

Service. If the Prearranged Replacement

Shipper does not provide such timely

notice, VGS will offer the capacity to

the bidder(s) who submitted the best

bid(s). The Prearranged Replacement

Shipper must confirm the prearranged deal

via fax or EDI.