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. 413 Original Sheet No. 413 : Pending

GENERAL TERMS AND CONDITIONS

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19. CAPACITY RELEASE BY FIRM SHIPPERS

19.1 GENERAL

(a) Subject to the terms, conditions and limitations

set forth in this Section 19, a Shipper holding capacity rights

under an Eligible Firm Transportation Agreement shall have the

right to release all or a portion of such capacity rights and, if a

capacity release is effectuated under this Section 19, to receive a

credit for reservation charge revenues received by Natural from

that other Shipper for such released capacity.

(b) The deadlines set forth in this Section 19 are

applicable to all parties involved in the capacity release process;

however, they are only applicable if all information provided by

the parties to the transaction is valid and the Replacement Shipper

(or Subreplacement Shipper, if applicable) has been determined to

be creditworthy before the Qualified Bid is tendered, and there are

no special terms or conditions of the release.

process and deadlines set forth in greater detail in the remainder

of this Section 19:

(1) For biddable releases (less than one (1)

year):

(i) The Capacity Release Request should be

tendered by no later than 12:00 p.m. Central Clock Time on a

Business Day;

(ii) The open season ends no later than

1:00 p.m. Central Clock Time on a Business Day (evaluation period

begins at 1:00 p.m. Central Clock Time during which contingency is

eliminated, determination of winning Qualified Bid(s) is made, and

ties are broken);

(iii) Evaluation period ends and award

posting if no match required at 2:00 p.m. Central Clock Time;

(iv) Match or award is communicated by

2:00 p.m. Central Clock Time;

(v) Match response by 2:30 p.m. Central

Clock Time;