Texas Gas Transmission, LLC

Third Revised Volume No. 1

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Effective Date: 09/15/2008, Docket: RP08-392-000, Status: Effective

Original Sheet No. 2812 Original Sheet No. 2812 GENERAL TERMS AND CONDITIONS Section 16 (Cont'd) (2) For biddable releases (1 year or more) (all times are CCT) -- Offers should be tendered by 12:00 p.m. four Business Days before award; -- open season ends no later than 1:00 p.m. on the Business day before timely nominations are due (open season is three Business Days); -- 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); contract executed; nomination possible beginning at the next available nomination cycle for the effective date of the contract. (Central Clock Time) (ii) Bids for capacity offered for release and assignment must identify the package of capacity being bid upon by its capacity release ID number and must contain the proposed term, price, and quantity bid and respond to all other terms posted in the Capacity Release Notice. Bids will be legally binding on the Replacement Customer or Prearranged Customer until written or EDM notice of withdrawal is received by the Pipeline, provided, however, bids cannot be withdrawn after the bidding period ends. Bids may be conditioned upon any contingency allowed by the Releasing Customer. Bids must also include a statement that the bidder will comply with all terms and conditions of Pipeline's tariff regarding capacity release and firm transportation, as well as its agreement to pay Pipeline's maximum FT commodity charge (unless a discounted commodity rate has been agreed to between Pipeline and Replacement Customer) for all quantities transported plus any related surcharges.