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. 427 Original Sheet No. 427 : Pending

GENERAL TERMS AND CONDITIONS

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(2) The term for the purchase;

(3) A Minimum Bid Volume and a Maximum Bid Volume

(in Dth per day);

(4) The fixed reservation charge and/or volumetric

charge that the Qualified Bidder agrees to pay for the capacity (and

if a volumetric charge, any minimum amount to be billed as a

reservation charge, which must be equal to or greater than any such

amount designated by the Releasing Shipper);

(5) A statement that the Qualified Bidder agrees

to all the terms and conditions of the Capacity Release Request,

with only the modifications as expressly provided in its Qualified

Bid, which modifications must be permitted by the Capacity Release

Request and must conform with the requirements in Section 19. In

the event that the Releasing Shipper has stated that Qualified

Bid(s) may be contingent upon subsequent events and the Qualified

Bidder submits such a contingent Qualified Bid, then the Qualified

Bidder must state in full the nature of the condition and the last

date by which the Qualified Bid is null and void if the contingency

does not occur; and

(6) Agreement that the Qualified Bidder is bound

by the terms and conditions of the capacity award by Natural

pursuant to this Section 19 to the Qualified Bidder, including

Natural's standard form of Agreement covering the Rate Schedule

applicable to the released capacity and the terms and conditions of

the Qualified Bid and the Capacity Release Request, in accordance

with Natural's Tariff.

(b) The volume in a Qualified Bid may not be less than

the minimum volume required for an Eligible Firm Transportation

Agreement under Natural's Tariff. Neither the volume nor the release

term specified in a Qualified Bid may exceed the maximum volume or

term specified in a Capacity Release Request, unless the Capacity

Release Request specifically allows otherwise. A Qualified Bidder

must accept all the terms and conditions of a Capacity Release

Request submitted under Section 19.4 (involving a Prearranged

Release) except for the level of the reservation charge and the MDQ,

unless the Capacity Release Request specifically allows otherwise.