Nora Transmission Company

First Revised Volume No. 1

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

First Revised Sheet No. 149 First Revised Sheet No. 149 : Superseded

Superseding: Original Sheet No. 149

GENERAL TERMS AND CONDITIONS (Continued)

25.12 Offers to Purchase Capacity

Any party interested in acquiring capacity through Pipeline's

capacity release program may provide Pipeline with an offer to

purchase capacity. Pipeline will post any such offer on its

electronic communications system for the period requested by

the offering party. Pipeline may recover a fee for such

services as prescribed in Section 30.4 of this Tariff.

25.13 Execution of Agreements

Pipeline's acceptance of a bid shall constitute a binding

agreement between Pipeline and the Releasing Customer under

which the Releasing Customer releases the capacity described in

the accepted bid and a binding agreement between Pipeline and

the Replacement Customer under which the Replacement Customer

acquires those rights of the Releasing Customer that are

described in the accepted bid. Pipeline will provide the

Replacement Customer with a service agreement for the capacity

awarded by 10:00 a.m. CCT on the day nominations are due. The

Replacement Customer will be required to execute

and return to Pipeline a service agreement reflecting the terms

of the released capacity. The executed service agreement must

be returned to Pipeline within one (1) day after it is received

or the agreement will terminate. Once the service agreement has

been executed the terms of such agreement are not subject to

amendment. At the election of Pipeline, the Releasing Customer

shall promptly execute such further documents as may be

necessary to evidence its release of capacity. Pipeline shall

not be obligated to initiate service to the Replacement

Customer until all documents necessary to effectuate the

release are executed and returned to Pipeline.