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. 114 Original Sheet No. 114 : Effective

GENERAL TERMS AND CONDITIONS

(Continued)

22. AVAILABLE CAPACITY (Continued)

22.2 Posting (Continued)

in accordance with Sections 22.2(a), (b) or (c) above, and other

parties will have an opportunity to bid on the capacity. If

another party submits a bid with a higher incremental economic

value, the pre-arranged Shipper will have a one-time right to match

the higher bid in order to retain the capacity. If the

pre-arranged Shipper elects not to match a higher competing bid,

the capacity will be awarded to the highest creditworthy bidder in

accordance with Section 22.4.

(e) Available Capacity. All available capacity, and pre-arranged

capacity pursuant to Section 22.2(d), will be posted to

Transporter's EBB/Designated Site. Transporter

may post available capacity for more than one bid period during the

posting periods described above, provided that prior bids are

submitted at less than Transporter's reserve rate (if applicable)

or Transporter's maximum rate or prior bids contain unacceptable

contingencies.

Each posting will set forth the following, if applicable:

1. Available mainline capacity;

2. Receipt Point, Delivery Point(s) and associated mainline

capacity;

3. Date capacity is available;

4. Date capacity is committed to an expansion project, if

applicable;

5. Bid open and close dates;

6. Term and reservation rate to be paid by pre-arranged

Shipper; and

7. Special conditions, including bid evaluation criteria if

other than net present value.