Phillips Gas Pipeline Company

First Revised Volume No. 1

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Effective Date: / / , Docket: RS92- 47-002, Status: Effective

Original Sheet No. 60 Original Sheet No. 60 : Superseded

(3) primary receipt and delivery points,

(4) rates,

(5) whether the capacity will be firm or

recallable,

(6) the method under which capacity is to be

allocated,

(7) the method by which ties will be broken;

(8) whether the Releasing Shipper will accept

contingent bids and, if so, under what

conditions contingent bids will be accepted;

(9) any minimum conditions concerning the rate,

term or volume that the Releasing Shipper

is willing to accept, including whether bids

based on a one-part, volumetric rate

(applicable only to the reservation portion of

the rate) will be accepted and, if so, a) the

method for evaluating one-part rate bids vis-

a-vis two-part rate bids, and b) any special

conditions;

(10) whether the Releasing Shipper is willing to

accept contingent bids that extend beyond

the open season, and the terms and

conditions whether, or for what time period,

the next highest bidder will be obligated to

acquire the capacity should the winning

contingent bidder exercise its option not to

take the capacity;

(11) the party to contact, and

(12) any other special terms or conditions.

The maximum rate for volumetric releases, such as

by converting the maximum reservation charge into

a volumetric charge, shall be $0.1766 per MMBtu.