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. 302 Original Sheet No. 302 : Pending

GENERAL TERMS AND CONDITIONS

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demand (provided that this is not intended to tie separate service together

for bidding purposes); or (E) volumes, where the value of Natural's services

may vary due to current or projected differences in competitive alternatives,

market demand or other factors related to contract volume levels. The reserve

price matrix in an Initial Open Season will include multiple terms, from one

month or less to multi-year, unless firm capacity is only available for a

limited time due to operational or physical constraints or due to the

contractual commitment of such capacity in the future.

(iii) Natural shall provide the reserve price or reserve

price matrix to an independent third party before the posting of an open

season. A bidder in an open season may request the reserve price or reserve

price matrix applicable to that open season at any time after the close of

the open season and prior to the posting described in the following sentence,

and Natural will provide such information to the requesting bidder within one

business day after Natural receives the request. Any reserve price or

reserve price matrix used in an open season will be posted on the

Informational Postings portion of Natural's Interactive Website within thirty

(30) days after the close of that open season.

(6) TIE-BREAKER In the event of a tie for highest economic

value between two or more competing bids or requests of identical value under

the criteria posted consistent with this Section 5.1(d), the procedures in

this subsection shall apply. Natural will first notify the Shippers

submitting the tying bids or requests that the evaluation resulted in a tie

and shall provide each such Shipper an opportunity to improve its bid or

request through an entirely new closed bid or request (which must have a

higher value than the tying bid or request) submitted via facsimile within 24

hours of such notification. If a tie still exists after the first step,

Natural will next allocate the available capacity pro rata to each tying

Shipper which has indicated its willingness to prorate. If any capacity

remains to be awarded after the second step and a tie still remains, the tie

will be broken by coin toss.

(e) POSTING OF FIRM CAPACITY

(1) Natural posts on the Informational Postings portion of its

Interactive Website the firm capacity currently available on its system, as

provided in Section 17.1(b)(1) of these General Terms and Conditions.

Natural also posts consistent with the remainder of this Section 5.1(e),

forward-haul firm transmission segment capacity and all Receipt Point,

Delivery Point and storage firm capacity becoming available in the future

(excluding firm capacity created by the construction of new facilities,

including both expansions and extensions, until the initial allocation of

such capacity has been made). Postings hereunder will be adjusted for