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. 127 First Revised Sheet No. 127

Superseding: Original Sheet No. 127

GENERAL TERMS AND CONDITIONS

(Continued)

h. Whether the release is to an asset manager as

defined in 18 C.F.R. 284.8(h)(3), and if so, the

asset manager's obligation to deliver gas to, or

purchase gas from, the Releasing Shipper; and

whether the release is to a marketer participating

in a state-regulated retail access program as

defined in 18 C.F.R. 284.8(h)(4);

i. The best bid evaluation methodology

(highest rate, net revenue, or present

value) and tie breaker, if different from

VGS' methodology. If the Releasing

Shipper elects to accept volumetric bids,

the Releasing Shipper must also specify

the method to rank competing volumetric

bids, volumetric bids with a minimum

volumetric commitment and reservation

rate bids;

j. The acceptable terms of contingent bids,

if permitted, the deadline for

eliminating the contingency before

capacity is awarded to the next best

bidder, and the method for evaluating

contingent bids;

k. Special terms or conditions of release;

and

l. Minimum posting and bid period, if longer

than VGS'.

The information required in an offer to release

capacity must be posted on VGS' Internet Home Page,

submitted via EDI or submitted in writing in the following

form:

VENICE GATHERING SYSTEM, L.L.C.

OFFER TO RELEASE FIRM CAPACITY

1. Releasing Shipper's Name:____________________________

2. Releasing Shipper's Firm Service Agreement Number:

_____________________