National Fuel Gas Supply Corporation

Fourth Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-448-002, Status: Effective

Third Revised Sheet No. 364 Third Revised Sheet No. 364 : Effective

Superseding: Second Revised Sheet No. 364

 

GENERAL TERMS AND CONDITIONS

 

 

10. CAPACITY RELEASE (Cont'd.)

 

10.6 Awards

 

The Replacement Shipper initiates confirmation of prearranged

deals electronically. Transporter shall communicate the award via

facsimile or Transporter's Web Site to the Potential Shipper or

Prearranged Shipper. The communication of an award, under a

Master Service Agreement for Capacity Release Transactions, is the

means by which Transporter shall satisfy its obligation under

NAESB Standard 5.3.2 to issue a contract within one hour of award

posting. Transporter must receive an acceptance of the award from

the Prearranged or Potential Shipper before it is required to

accept a nomination. The acceptance of the award may be

transmitted via the Web Site, or via facsimile. In the event

Transporter does not receive an acceptance of the award (i) for

release transactions subject to competitive bidding, by 4:00 p.m.

central clock time on the day the posting period concludes, or

(ii) for release transactions not subject to competitive bidding

within one (1) hour of the communication of the award, the

allocation of the released capacity to said Potential Shipper or

Prearranged Shipper shall be nullified, and Transporter shall post

a notice to such effect on the Web Site. In such event, the

capacity shall be offered to the Potential Shipper that submitted

the best bid, in relation to the applicable standard, from among

remaining bids. In the event that a Prearranged Shipper

identified in an Existing Shipper's Notice that is exempt from the

competitive bidding procedure fails to accept the award within the

above described period, Transporter will so advise the Existing

Shipper but will