Texas Gas Transmission, LLC

Third Revised Volume No. 1

Effective Date: 03/01/2009, Docket: RP09-304-000, Status: Effective

First Revised Sheet No. 2811 First Revised Sheet No. 2811

Superseding: Original Sheet No. 2811

GENERAL TERMS AND CONDITIONS

Section 16

(Cont'd)

(ii) For all non-biddable releases, Pipeline will finalize all contractual

issues within one hour of award posting (with a new contract number,

when applicable); nomination possible beginning at the next available

nomination cycle for the effective date of the contract (Central Clock

Time). Prearranged Replacement Customers must initiate confirmation of

the prearranged deal via EDM and contract with Pipeline for the

capacity released and assigned and comply with all other tariff terms

governing Pipeline's Capacity Release Program except for the bidding

requirements.

(d) Submission of Bids

(i) The proposed duration of the Customer's release determines the

minimum Bidding Period for the Customer's Capacity Release Notice

pursuant to this Section 16. The capacity release timeline is

applicable to all parties involved in the capacity release process;

however, it is only applicable if all information provided by the

parties to the transaction is valid and the acquiring shipper has

been determined to be credit worthy before the capacity release bid

is tendered. These Bidding Periods are as follows:

(1) For biddable releases (less than 1 year) (all times are CCT)

-- Offers should be tendered by 12:00 p.m. on a Business Day;

-- open season ends no later than 1:00 p.m. on a Business Day

(evaluation period begins at 1:00 p.m. during which

contingency is eliminated, determination of best bid is made,

and ties are broken);

-- evaluation period ends and award posting if no match required

at 2:00 p.m.;

-- match or award is communicated by 2:00 p.m.;

-- match response by 2:30 p.m.;

-- where match required, award posting by 3:00 p.m.;

-- contract issued within one hour of award posting (with a new

contract number, when applicable); nomination possible

beginning at the next available nomination cycle for the

effective date of the contract (Central Clock Time).