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. 104 Original Sheet No. 104 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

20. CAPACITY RELEASE (Continued)

20.3 Open Seasons.

Bids shall be binding until written or electronic

notice of withdrawal is received by Transporter. (NAESB 5.3.13)

Offers shall be binding until written or electronic notice of

withdrawal is received by Transporter. (NAESB 5.3.14) Bids cannot be

withdrawn after the bid period ends. (NAESB 5.3.15)

The Releasing Shipper has the right to withdraw its

offer during the bid period, where unanticipated circumstances

justify and no minimum bid has been made. (NAESB 5.3.16)

Transporter shall allow re-releases on the same terms and basis as the

primary release (except as prohibited by regulations). (NAESB 5.3.19)

A Releasing Shipper shall not be able to specify

an extension of the original bid period or the pre-arranged deal

match period, without posting a new release. (NAESB 5.3.25)

A Releasing Shipper has the choice to specify dollars and

cents or percents of maximum tariff rate in the denomination of

bids. Once the choice is made by the Releasing Shipper, the bids should

comport with the choice. (NAESB 5.3.26)

For purposes of bidding and awarding,

maximum/minimum rates specified by the Releasing Shipper should

include the tariff reservation rate and all demand surcharges, as

a total number or as stated separately. (NAESB 5.3.27)