Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective

Original Sheet No. 286 Original Sheet No. 286 : Pending

GENERAL TERMS AND CONDITIONS

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(i) An Initial Open Season shall be conducted at

least once each month for Posted Capacity (as defined in the prior

paragraph) which was not previously included in an Initial Open Season.

Posted Capacity shall be included in the next Initial Open Season after

such firm capacity becomes Posted Capacity.

(ii) The first Initial Open Season to be held

following implementation of this Initial Open Season procedure will

cover all Posted Capacity as of that date.

(iii) In any Initial Open Season, the minimum

posting and bidding period applicable to firm capacity available for

less than five (5) months is from 9 a.m. to 2 p.m. Central Clock Time

on a business day. In any Initial Open Season, the minimum posting and

bidding period for firm capacity available for five (5) months or longer

is four (4) business days, with the minimum posting periods each day

being from 9 a.m. to 2 p.m. Central Clock Time.

(iv) The posting for an Initial Open Season will

include the following items:

(A) For transmission capacity, the location

by pipeline segment of the firm capacity to be covered by the Initial

Open Season and any restriction on any segment or on any Receipt or

Delivery Point.

(B) The bidding procedure to be used,

including an explanation of how bids are to be submitted, a bid form,

instructions for satisfying the request criteria under the applicable

rate schedule, and the complete bid evaluation criteria consistent with

Section 5.1(d).

(C) The timetable for posting and bidding,

which timetable must be consistent with Section 5.1(c)(1)(iii). The

timetable will specify any right Natural may have to extend the Initial

Open Season but in no event can the Initial Open Season be extended if a

valid bid has been submitted.

(D) The type, duration and amount of firm

capacity to be covered by the Initial Open Season, and the date on which

such firm capacity will be available.