Transcontinental Gas Pipe Line Company, LLC

Fourth Revised Volume No. 1

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Effective Date: 02/22/2009, Docket: RP09-245-000, Status: Effective

First Revised Sheet No. 453 First Revised Sheet No. 453

Superseding: Original Sheet No. 453

GENERAL TERMS AND CONDITIONS

(Continued)

42. CAPACITY RELEASE (Continued)

42.5 Prearranged Releases Subject to Prior Notice (Continued)

(j) Whether contingent bids are permitted and, if so, the length of time during which

the contingent bidder(s) will be allowed to accept or decline the capacity

without condition.

(k) Any tie-breaking methodologies.

If the Best Bid is superior to the initial prearranged agreement, then Seller shall

contact the prearranged Replacement Shipper and the prearranged Replacement Shipper

shall have the option to match the terms and conditions of the Best Bid in accordance

with Section 42.5(i) above and thereby be awarded such capacity. The minimum length

of time within which a prearranged Shipper may match the Best Bid is one-half hour

after the evaluation period ends in accordance with section 42.9. The terms of the

winning bid shall be posted by Seller in accordance with Section 42.2(e).

42.6 Releases that are Not Prearranged

Releases that are not prearranged are subject to prior notice and competitive bidding.

Seller shall post the notice of release on 1Line or through electronic data

interchange. The notification shall include the following information:

(a) The identity of the Releasing Shipper unless Releasing Shipper elects otherwise.

(b) The term of the release.

(c) The existence of any conditions of release, objectively stated, including, but

not limited to, any recall and whether minimum term, rate, or volume conditions

apply. Any minimum term, rate, or volume conditions will be posted at the option

of the Releasing Shipper.

(d) The Rate Schedule and specific quantity of capacity to be released and, if firm

transportation capacity, the associated points between which the capacity will be

released.

(e) The maximum reservation rates applicable to the capacity to be released. For

releases that become effective on or after July 30, 2008, the maximum rate

ceiling does not apply to such releases provided the release is for a term of one

year or less and the release is to take effect on or before one year from the

date on which the pipeline is notified of the release.

(f) The start and end dates for the bidding period.

(g) The objective criteria for selecting the best bid.

(h) The date and time of the offer posting.

(i) Whether contingent bids are permitted and, if so, the length of time during which

the contingent bidder(s) will be allowed to accept or decline the capacity

without condition.

(j) Any tie-breaking methodologies.

The terms of the winning bid shall be posted by Seller in accordance with Section

42.2(e).