Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

Effective Date: 02/22/2009, Docket: RP09-240-001, Status: Effective

Substitute First Revised Sheet No. 422 Substitute First Revised Sheet No. 422

Superseding: First Revised Sheet No. 422

GENERAL TERMS AND CONDITIONS

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(i) Whether the Qualified Bids are to specify dollars

and cents and/or percentage of the maximum tariff rate or an index-

based formula as detailed in the Capacity Release Request;

(j) Under a release of storage capacity, whether the

capacity being released is subject to certain conditions on the

sale and/or repurchase of gas in storage inventory and on there

being a certain amount of gas left in storage at the end of the

release and if so, any such conditions;

(k) Whether the release is a Prearranged Asset Manager

Release as defined in Section 19.2(g)(i) hereof, and the Asset

Manager's obligation to deliver gas to, or purchase gas from, the

Releasing Shipper;

(l) Whether the release is a Prearranged Release to a

Marketer Participating in a State-Regulated Retail Access Program,

as defined in Section 19.2(g)(ii) hereof; and

(m) Any other applicable conditions (which must

conform with Section 19.5), including any minimum price condition

and whether the Releasing Shipper wishes to apply a bid evaluation

procedure different than the bid evaluation procedure set forth in

Section 19.10 for evaluating Qualified Bids for its capacity

rights, and if so, all the factors to be used in evaluating

Qualified Bids, including how its capacity rights are to be awarded

in the event of a tie for the highest valued Qualified Bid and

whether the Releasing Shipper has presubmitted a computer diskette

for such bid evaluation procedure pursuant to Section 19.5(a).

19.5 CAPACITY RELEASE REQUIREMENTS

(a) All terms and conditions relating to a

release which is the subject of a Capacity Release Request:

(1) must be nondiscriminatory and applicable to all potential

bidders; (2) must be made available to Natural for posting;

(3) must relate to the details of acquiring or maintaining the

transportation capacity rights on Natural consistent with this

Tariff and Order No. 712, which are the subject of the

release; and (4) must not place any obligations or burdens on

Natural in addition to the terms and conditions applicable to

a capacity release under this Section 19 which are specified

in Natural's Tariff. Any bid evaluation procedure elected by a

Releasing Shipper different from Natural's bid evaluation