Portland General Electric Company

Original Volume No. 1

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Effective Date: 12/03/2003, Docket: RP04- 48-000, Status: Effective

Original Sheet No. 100 Original Sheet No. 100 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

20. CAPACITY RELEASE (Continued)

(e) A Releasing Shipper may specify that bids may be accepted

on a volumetric rate basis.

(f) All bids shall be submitted in amounts which a Replacement

Shipper or Prearranged Replacement Shipper agrees to pay to

Transporter for the right to demand firm services, including

undiscounted reservation surcharges, if applicable. Such bids

shall exclude Transporter's commodity charges and commodity

surcharges applicable to each service as included in

Transporter's rates, which rate components must be paid to

Transporter by the successful bidding Replacement Shipper or

Prearranged Replacement Shipper in addition to the bid amounts.

The Releasing Shipper shall not be responsible for continuing

to pay such commodity charges and commodity surcharges for

the capacity released during the term of each release, nor for

penalties incurred by the Replacement Shipper or Prearranged

Replacement Shipper.

(g) Transporter shall determine the winning bid. Unless

Releasing Shipper specifies otherwise, bids will be evaluated

based on the economic value of the demand and capacity or

reservation charges bid by each Bidder. After the economic

value of each bid for each Receipt Point and Delivery Point

combination has been determined, and if the capacity to be

allocated to the highest Bidders would not result in awarding

all of the capacity to be released, then Transporter shall

award the remaining capacity based on the economic value of

each bid for each Receipt Point and Delivery Point combination, from

highest economic value to lowest economic value, with the

process of awarding capacity to Bidders continuing until all of

the capacity has been awarded or until all valid bids have been

accepted. Transporter shall break ties and determine the

winning bid(s) in those situations by