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. 430 Original Sheet No. 430 : Pending

GENERAL TERMS AND CONDITIONS

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cannot be effectuated prior to the beginning time specified in the

release. Natural shall issue a contract to the winning Qualified

Bidder within one (1) hour after the capacity has been awarded. So

long as the winning bidder has pre-approved credit, that bidder can

submit a nomination consistent with the above regardless of whether

a contract with Natural covering the capacity awarded has been

issued or executed; provided, however, that a contract must be

executed under the provisions of the relevant rate schedule

regarding timely execution of a contract tendered by Natural in

order for a Shipper to have continued service beyond the maximum

time specified for timely contract execution. If the original

Shipper has already submitted a nomination on a Day under the

Agreement being released, and if the Replacement Agreement covering

the released capacity is effective that same Day, the original

Shipper may incur overrun charges if his nomination exceeds the

reduced contractual parameters under the original Agreement

resulting from the release (i.e., if the original Shipper fails to

reduce its nomination, or does not adequately reduce its

nomination, at the first opportunity the Replacement Shipper has to

nominate).

(e) Gas nominations for transportation pursuant to

released capacity are subject to the provisions of Section 8 of

these General Terms and Conditions. Gas nominations by a Shipper

utilizing released capacity awarded by Natural shall constitute

Shipper's binding acceptance of the terms and conditions of the

capacity award by Natural pursuant to this Section 19, 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.

(f) Subject to the other provisions in this Section

19, in the event that there is no Qualified Bidder or Prearranged

Shipper for posted Eligible Firm Transportation Agreement capacity

during an open season, no capacity release will be awarded and the

Releasing Shipper shall retain the capacity sought to be released.

19.10 BID EVALUATION PROCEDURE

(a) Unless specifically requested otherwise by a

Releasing Shipper in its Capacity Release Request, Qualified Bids

for released capacity shall be evaluated pursuant to Sections

below. Any Qualified Bid which does not meet a minimum price

condition stated in the Capacity Release Request shall be rejected