Saltville Gas Storage Company L.L.C.

Original Volume No. 1

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Effective Date: 01/01/2009, Docket: RP09-71-000, Status: Effective

Third Revised Sheet No. 116 Third Revised Sheet No. 116

Superseding: Second Revised Sheet No. 116

GENERAL TERMS AND CONDITIONS

(Continued)

The Capacity Release timeline is as follows:

(a) For biddable releases of one (1) year or less:

- Offers shall be tendered by 12:00 P.M. on a Business Day;

- Open season ends no later than 1:00 P.M. on a Business

Day;

- Evaluation period begins at 1:00 P.M. on the day the bid

period ends, during which contingency is eliminated,

determination of best bid is made, and ties are broken;

- Evaluation period ends and award posting if no match

required at 2:00 P.M.;

- Match or award is communicated by 2:00 P.M.;

- Match response by 2:30 P.M.;

- Where match required, award posting by 3:00 P.M.;

- Contract issued within one hour of award posting (with a

new contract number, when applicable); nomination

possible beginning at the next available nomination cycle

for the effective date of the contract. (Central Clock

Time)

Replacement Customer's nominations will be processed in

accordance with the nomination and scheduling requirements

of Section 8 of the General Terms and Conditions; however,

in no circumstance will Gas flow prior to the effective date

of the release as specified in Releasing Customer's offer.

(b) For biddable releases of more than one (1) year:

- Offers shall be tendered by 12:00 P.M. four Business Days

before the award;

- Open season ends no later than 1:00 P.M. on the Business

Day before timely nominations are due (open season is

three Business Days);