Trailblazer Pipeline Company

Fourth Revised Volume No. 1

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Effective Date: 12/28/2007, Docket: RP08-168-000, Status: Effective

Original Sheet No. 119 Original Sheet No. 119 : Effective

GENERAL TERMS AND CONDITIONS

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(3) POSTING OF CRITERIA

Trailblazer shall post the criteria to be used in

the determination of highest economic value for comparing valid bids in any

open season and for comparing pending requests which are valid and

competing. The posting will consist of a net present value formula,

together with all relevant factors and parameters, such as discount rates.

These criteria shall be posted continuously on the Informational Postings

portion of Trailblazer's Interactive Website. Trailblazer may change the

criteria at any time in a manner not inconsistent with the other provisions

of this Section 6.1(c), but the revised criteria may only be applied to an

open season the posting of which commenced at least one (1) Business Day

after the change in criteria has been posted. Trailblazer cannot change the

criteria for any on-going open season. The revised criteria shall apply

immediately to all requests received after the change has been posted. In

addition, the posting for each individual open season will include the

following elements: the date to which all bids are discounted in the

calculation of net present value; the discount rate utilized; how a

Shipper's willingness vel non to prorate will affect its bid; whether a

prearranged transaction is involved and, if so, whether there is a right to

match; the extent to which advance payments will be considered in evaluating

bids; surcharges and optional service charges will be taken into account;

and the procedure to be used in breaking ties.

(4) OBLIGATION TO AWARD CAPACITY

Trailblazer shall be obligated to award firm

capacity if the applicable maximum rate is submitted for the entire term of

a valid bid in any open season or is requested for the entire term of a

valid request under the Request Procedure, up to the firm capacity covered

by the maximum rate bid(s) or request(s), without regard to any reserve

price. If such a maximum rate bid or request is received, Trailblazer shall

be obligated to award the capacity either to the Shipper submitting such a

bid or request or to a competing bidder or requestor. The capacity shall be

awarded to a competing bidder or requestor to the extent provided in the

posted criteria for evaluating competing bids or requests. The capacity

award will be based on the posted criteria hereunder for evaluating bids or

requests. Similarly, Trailblazer shall be obligated to award firm capacity

if the reserve price is met in a valid bid for the capacity being posted for

open season, up to the firm capacity covered by the bid(s) meeting the

reserve price. The capacity awards will be based on application of the

posted criteria. Notwithstanding the foregoing, Trailblazer shall not be

obligated to award firm capacity based on the following types of bids or

requests: (i) any bid or request for a term of less than one year, under

which service is to commence more than ninety (90) days following the close

of the open season; and (ii) any bid or request for a term which is not