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. 110 Original Sheet No. 110 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

20. CAPACITY RELEASE (Continued)

(iii) The exit fee described in Section 20.4 (a)(ii) above

shall be the net present value of all demand and capacity

or reservation charges payable to Transporter by Shipper

over the remaining life of the applicable Service

Agreement, reduced by the net present value of such charges

payable to Transporter by all applicable Replacement

Shippers or Prearranged Replacement Shippers.

(b) Procedures.

(i) Replacement Shipper(s) or Prearranged Replacement

Shipper(s) and Transporter shall execute a new Service

Agreement(s) prior to the commencement of service which

confirms the terms of the accepted transaction for the

permanent release of capacity.

(ii) Effective with implementation of service under the

new executed Service Agreements, Releasing Shipper's

Service Agreement shall be deemed terminated and Releasing

Shipper shall have no further obligations to Transporter

with respect to the released capacity, except as to

unsatisfied obligations which arose prior to the execution

of the new Service Agreement.

21. REVENUE CREDITING FOR CAPACITY RELEASES (FIRM)

21.1 Definitions. The definitions in Section 20 of the General Terms

and Conditions apply also to this Section.

21.2 Revenue Credits for Released Capacity - Eligibility. Transporter

shall provide revenue credits to any Shipper, which temporarily releases

(Releasing Shipper), under the Capacity Release Provisions of this

Tariff, all or any portion of its contract demand under a Service

Agreement (Released Capacity) governed by the provisions of Rate Schedule

FT-1 included in Portland General's Tariff.