Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

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

Original Sheet No. 289 Original Sheet No. 289 : Pending

GENERAL TERMS AND CONDITIONS

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(v) If firm capacity which would satisfy all or part

of the conditional capacity award in an Early Open Season is the subject

of a subsequent open season or right of first refusal process, the

winning bid in the Early Open Season shall be deemed to be a bid in any

such open season or right of first refusal process until the winning

Early Open Season bidder has fully contracted for the firm capacity it

was conditionally awarded in the Early Open Season or until three (3)

years have elapsed from the date of the Early Open Season award, (unless

Natural and a bidder agree in writing to a shorter period prior to

commencement of the Early Open Season) whichever occurs first.

Thereafter, the conditional capacity award in the Early Open Season

shall have no further effect.

(vi) The Early Open Season winning bid deemed

submitted as a bid in the subsequent open season or right of first

refusal process (or a higher value bid submitted by the winning bidder

in the Early Open Season) shall establish the reserve price in that open

season or process. If that bid is otherwise a valid bid in such

subsequent open season or right of first refusal process and is the

highest value bid therein under the criteria applicable to that

subsequent open season or right of first refusal process, Natural shall

be obligated to award such firm capacity to the Early Open Season

bidder, subject to any right of the existing capacity holder to match.

The winning Early Open Season bidder shall have the right to match the

highest bid submitted by any entity other than the existing capacity

holder exercising an Extension Right.

(vii) Nothing herein will prevent the winning bidder in

the Early Open Season from submitting an additional bid of higher value

[as determined under Section 5.1(d)] in any open season or right of

first refusal process in which it is deemed to have submitted a bid

under these procedures.

(viii) Firm capacity offered but not awarded in an Early

Open Season must go through an Initial Open Season at the time specified

in Section 5.1(c)(1).

(3) REQUEST PROCEDURE If Posted Capacity is not awarded in

the Initial Open Season, Natural may award that capacity through either

the Request Procedure in this Section 5.1(c)(3) or the Additional Open

Season Procedure in Section 5.1(c)(4).