Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-258-000, Status: Effective

First Revised Sheet No. 129 First Revised Sheet No. 129

Superseding: Original Sheet No. 129

GENERAL TERMS AND CONDITIONS (Continued)

(f) Capacity Release: The deadlines shown below are applicable to all parties

involved in a capacity release process; however, they are only applicable

if 1) all information provided by the parties to the transaction is valid

and the Replacement Shipper has been determined to be creditworthy,

pursuant to Section 6 of these General Terms and Conditions, before the

capacity release bid is tendered and 2) there are no special terms or

conditions of the release.

(1) For non biddable releases

(A) Timely Cycle

(i) Posting of prearranged deals, not subject to bid, are

due by 10:30 a.m.

(ii) Contract shall be issued within one (1) hour of award

posting (with a new contract number, when

applicable). Nominations shall be possible beginning

at the next available nomination cycle for the

effective date of the contract.

(B) Evening Cycle

(i) Posting of prearranged deals, not subject to bid, are

due by 5:00 p.m.

(ii) Contract shall be issued within one (1) hour of award

posting (with a new contract number, when

applicable). Nominations shall be possible beginning

at the next available nomination cycle for the

effective date of the contract.

(C) Intraday 1 Cycle

(i) Posting of prearranged deals, not subject to bid, are

due by 9:00 a.m.

(ii) Contract shall be issued within one (1) hour of award

posting (with a new contract number, when

applicable). Nominations shall be possible beginning

at the next available nomination cycle for the

effective date of the contract.

(D) Intraday 2 Cycle

(i) Posting of prearranged deals, not subject to bid, are

due by 4:00 p.m.

(ii) Contract shall be issued within one (1) hour of award

posting (with a new contract number, when

applicable). Nominations shall be possible beginning

at the next available nomination cycle for the

effective date of the contract.

(2) For biddable releases (less than 1 Year)

(A) Offer for capacity release shall be tendered by 12:00 p.m.

on a Business Day.

(B) 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).

(i) Evaluation period ends and award posting if no match

required at 2:00 p.m.

(ii) Match or award is communicated by 2:00 p.m.

(iii) If required, a match response is due by 2:30 pm.

(iv) Where match is required, award posting shall be by

3:00 p.m.

(C) A contract will be issued within one (1) hour of award

posting (with a new contract number, when applicable).

Nominations possible beginning at the next available

nomination cycle for the effective date of the contract.