MIGC LLC

Second Revised Volume No. 1

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Effective Date: 06/13/2008, Docket: RP08-376-000, Status: Effective

Original Sheet No. 87 Original Sheet No. 87 TRANSPORTATION GENERAL TERMS AND CONDITIONS (Continued) 4. Withdrawal of Offers to Release and Withdrawal of Bids. Offers toRelease Capacity and Bids for Released Capacity will be binding until writtenor electronic notice of withdrawal is received by MIGC. Bids can be withdrawnany time prior to the end of the open season; provided, however that aReplacement Shipper shall not be able to withdraw a bid in order to submit alower bid. The Releasing Shipper has the right to withdraw its offer duringthe open season where unanticipated circumstances justify and no minimum bidhas been made. 5. Best Bid - The "best bid" shall be determined in accordance with thebid evaluation method specified by the Releasing Shipper pursuant to Section17.2(a)(8). The "best bid" must be chosen from the following methodologies andonce chosen will be used in determining the awards from the bid(s) submitted:(1) the highest rate, (2) the net revenue, or (3) the present value. In theevent the Releasing Shipper elects not to submit a bid evaluation method, the"best bid" shall be the bid which generates the maximum net revenue. Ifpursuant to Section 17.2(a) (7) Releasing Shipper states the minimumReservation Charge on a percentage basis of the maximum rate, bids shall bereceived on a percentage basis of the maximum rate. In the event both acontingent bid and a non-contingent bid meet the minimum conditions statedin 17.2(a) (7) and generate the "best bid," the contingent bid shall berejected. 6. Allocation of Released Capacity - MIGC will select the "best bid" asdefined in Section 17.5 from among the bids received. If more than one biddersubmits the "best bid," the first bidder in time, including the PrearrangedShipper, will be selected as the best bid, unless the Releasing Shipperspecifies another tie-breaking methodology in its Shipper's Notice. Ifmultiple bids meeting minimum conditions have been submitted, bids shall beawarded, best bid first, until all offered capacity is awarded. Any bidsubmitted may state that its acceptance is contingent provided the Shipper'sNotice allows the submission of contingent bids. MIGC will allow anyPrearranged Shipper to match, in accordance with Section 17.1, the "best bid"after the close of the open season. 7. Recalling Released Capacity - Releasing shippers may, to the extentpermitted as a condition of the capacity release, recall released capacity(scheduled or unscheduled) at any of the daily Nomination cycles, subject tothe specifications in this Section 17.7. The service flexibility availableto either the Releasing Shipper or the Replacement Shipper(s) for the subjectcapacity shall not be less as a result of the recall. MIGC supports theability for the Releasing Shipper to specify, as a condition of a releasecapacity offer, which recall notification period(s), as provided in thisSection 17.7, will be available for use by the parties, and whether theReleasing Shipper's recall notification must be provided exclusively on aBusiness Day. Notice of the allocation of capacity between the ReleasingShipper and the Replacement Shipper hereunder is intended to be provided in a