Transwestern Pipeline Company, LLC

Third Revised Volume No. 1

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Effective Date: 08/01/2007, Docket: RP06-614-003, Status: Effective

Second Revised Sheet No. 151A Second Revised Sheet No. 151A : Effective

Superseding: Original Sheet No. 151A

GENERAL TERMS AND CONDITIONS

(continued)

Transporter will award the capacity to the Shipper(s) whose bid(s) represents the highest total

present value, subject to the right of a pre-arranged Shipper, if any, to promptly match the

highest bid(s). For purposes of determining the highest total present value, Transporter will

consider the guaranteed incremental revenues from the bid or combination of bids that yield the

highest total present value.

Bids with equal present value will be awarded on a pro rata basis, provided however, that if one

or more of the parties with equal bids is unwilling to accept a portion of the quantity desired,

then such bid(s) will be eliminated from the pro rata calculation.

E. Transporter will notify all bidders of the acceptance or rejection of their respective bids by

the close of the business day following the bid solicitation deadline.