Nora Transmission Company

First Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-105-001, Status: Effective

First Revised Sheet No. 101 First Revised Sheet No. 101 : Superseded

Superseding: Original Sheet No. 101

GENERAL TERMS AND CONDITIONS

1. DEFINITIONS

Except where the context otherwise indicates another or different

meaning or intent, the following terms, when used herein or in any

agreement incorporating these General Terms and Conditions, are

intended and used and shall be construed to have meanings as follows:

(a) The term "Bidder" shall mean a party submitting a bid to

Pipeline's electronic communication system for released capacity.

(b) The term "British Thermal Unit" (Btu) shall mean the amount of

heat required to raise the temperature of one (1) pound of water

one degree (1 degree) Fahrenheit at sixty degrees (60 degrees)

Fahrenheit. For reporting purposes, BTU conversion factors shall

be reported to not less than 3 decimal places and Pressure Base

conversion factors shall be reported to not less than 6 decimal

places. For calculation purposes, not less than 6 decimal places

shall be used for both conversion factors.

(c) The term "business day" shall mean Monday through Friday,

excluding Federal Banking Holidays for transactions

in the U.S., and similar holidays for transactions in occurring

in Canada and Mexico.

(d) The term "central clock time" (CCT) shall mean central daylight

time when daylight savings time is in effect and central

standard time when daylight savings time is not in effect.

(e) The term "contract year" as used in Rate Schedule FTS shall mean

a consecutive twelve (12) month period beginning each December

1 and ending each November 30.

(f) The term "day" or "gas Day" shall mean a period of twenty-four

(24) consecutive hours beginning and ending at 9:00 a.m. CCT.

(g) The term "Dekatherm" (dth) shall mean the quantity of heat energy

which is equivalent to 1,000,000 British Thermal Units. One (1)

"dekatherm" of gas shall mean the quantity of gas which contains

one (1) dekatherm of heat energy.

(h) The term "EDI" shall mean electronic data interchange as defined

by the then-effective standards established by the Gas Industry

Standards Board and approved by the Federal Energy Regulatory

Commission.

(i) The term "FERC" or "Commission" shall mean the Federal Energy

Regulatory Commission or any successor governmental agency.