Natural Gas Pipeline Company Of America

Seventh Revised Volume No. 1

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Effective Date: 02/22/2009, Docket: RP09-240-000, Status: Effective

First Revised Sheet No. 428 First Revised Sheet No. 428

Superseding: Original Sheet No. 428

GENERAL TERMS AND CONDITIONS

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(c) For releases for a term of more than one (1) year,

a Qualified Bidder may not bid rates which would exceed Natural's

maximum reservation charge applicable to the Eligible Firm

Transportation Agreement capacity. A Qualified Bid may state a dollar

amount or a percentage of Natural's maximum reservation rate, unless the

Releasing Shipper has specified that the bid must specify one or the

other, in which case, the Qualified Bid must comport with the Releasing

Shipper's choice. A bid at a rate equal to Natural's maximum reservation

rate shall be a bid for Natural's maximum reservation rate as such rate

may increase or decrease from time to time in the future. The maximum

reservation charge includes all non-commodity charges and add-ons

permitted by Natural's Tariff direct-billed charges and Order No. 636

transition costs which are applicable to the Eligible Firm

Transportation Agreement capacity rights.

(d) All Qualified Bids shall provide for payment of

maximum commodity charges under Natural's Tariff for the capacity bid,

as well as all other applicable add-on charges and surcharges under

Natural's Tariff, such as, but not limited to, ACA, Fuel Gas and Gas

Lost and Unaccounted For and any FERC Order No. 636 commodity-based

transition cost recovery surcharge, unless Natural agrees in writing

otherwise.

(e) A Qualified Bid received by Natural during an open

season shall be posted by Natural on the Informational Postings portion

of Natural's Interactive Website upon receipt, without the name of the

Qualified Bidder. A Qualified Bid may be withdrawn by the Qualified

Bidder prior to the close of the open season, but may not be withdrawn

thereafter. Following such withdrawal, the Qualified Bidder cannot bid

for the same capacity during the open season at a lower rate.

(f) All Qualified Bids must be consistent with all

provisions of Natural's Tariff. Any Qualified Bid inconsistent with

Natural's Tariff or the applicable Capacity Release Request shall be

null and void.