Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 03/27/2000, Docket: RP00-541-000, Status: Effective

First Revised Sheet No. 125 First Revised Sheet No. 125 : Effective

Superseding: Original Sheet No. 125

GENERAL TERMS AND CONDITIONS

(Continued)

13.5 Offer to Release Capacity

Offers to Release Capacity must be submitted in

accordance with the schedules set forth in Subsection 13.4.

Such offers must be 1) in writing (faxes are acceptable) and

on the release form provided by VGS (hereinafter called

Releasing Shipper's Offer), 2) posted on VGS' Internet Home

Page or 3) uploaded via EDI.

Offers to release capacity are binding until written

or electronic notice of withdrawal is received by VGS. A

Releasing Shipper may withdraw an offer to release capacity

at any time prior to the receipt by VGS of a bid for the

capacity that meets the Releasing Shipper's minimum bid

specifications and where unanticipated circumstances

justify.

VGS shall collect all Offers to Release Capacity,

review such offers for completeness and accuracy, and assign

an Offer Number to each offer. VGS will post completed

Offers to Release Capacity, including the rate applicable to the

capacity, the date and time by which bids must be submitted in

accordance with the capacity release timetable, and the specific

terms and conditions of the release, on VGS' Internet Home Page

upon receipt of the Offer to Release Capacity, unless the Release

Shipper requests otherwise, and specifies a posting time that

comports with the standard time line. All offers will

remain on VGS' Internet Home Page for the bid period

specified by the Releasing Shipper, but not less than one

(1) hour.

Any Shipper offering to release all or part of its

firm capacity under an executed Firm Service Agreement shall

provide the following information: