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. 298 Original Sheet No. 298 : Pending

GENERAL TERMS AND CONDITIONS

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Natural may reserve capacity for an expansion project

for a period of one (1) year or longer from the date of the

Reservation Posting; provided, however, that the reservation of

capacity must terminate on the date which is one (1) year from the

date of the Reservation Posting in the event that an open season has

not commenced (or the public announcement by the project sponsor of

its intention to construct has not been issued) by the end of that one

(1) year period. After the commencement of the open season (or the

public announcement), the reservation of capacity may continue until

the in-service date of the expansion project. In addition, prior to

reserving Terminated Agreement Capacity, Natural must make Terminated

Agreement Capacity generally available through the procedures in this

Section 5.1(c), unless such capacity has been previously subjected to

the ROFR procedures. When a Terminated Agreement Capacity auction is

held prior to any expansion project open season, Natural shall have

the right to state in the posting minimum terms and conditions for

bids that would be acceptable for consideration that are the same as

the minimum terms and conditions anticipated for any open season which

may be held in connection with the future expansion project. In the

event that any subsequent expansion project open season imposes

minimum terms and conditions that are materially different from the

terms and conditions imposed in the previous Terminated Agreement

Capacity auction, Natural shall hold another open season under Section

5.1(c)(1) for the Terminated Agreement Capacity that uses the same

minimum terms and conditions as were imposed for the expansion project

open season. If any expansion project open season is held prior to or

during the Terminated Agreement Capacity auction, Natural shall use

the same minimum terms and conditions as used for the expansion

project open season.

Natural will not, absent Commission approval, accept

advance payments to reserve capacity under this Section 5.1(c)(11).

Any capacity reserved under this Section 5.1(c)(11)

shall be made available pursuant to these General Terms and Conditions

on a limited-term basis up to the in-service date of the expansion

project(s). For such limited-term agreements, Natural reserves the

right to limit any extension rights provided in the service agreement

and pursuant to Section 22 commensurate with the in-service date of

the expansion project. Natural will indicate in any auction posting

of the capacity the limitations on extension rights that will apply to

such limited-term transportation service. The projected in-service

date of the expansion project shall be set out in any limited-term

agreement (recognizing that the date could slip if construction is

delayed).