High Island Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 02/20/2009, Docket: RP09-226-000, Status: Pending

Sixth Revised Sheet No. 130 Sixth Revised Sheet No. 130

Superseding: Fifth Revised Sheet No. 130

GENERAL TERMS AND CONDITIONS

(Continued)

17.5(b) Releases Not Subject to Bidding

For (1) proposed capacity releases of a duration of thirty-one (31)

consecutive days or less for which Releasing Shipper has obtained a

Prearranged Shipper; or (2) proposed capacity releases for which

Releasing Shipper has obtained a Prearranged Shipper and the

Prearranged Shipper is paying the maximum rate and the release term

is greater than one year; or (3) proposed capacity releases for which

Releasing Shipper has obtained a Prearranged Shipper and the

Prearranged Shipper is paying the maximum rate, the release term is

one year or less, and the release will take effect more than one year

from the date the Releasing Shipper notifies HIOS of the release; or

(4) proposed capacity releases for which Releasing Shipper has

obtained a Prearranged Shipper and the Prearranged Shipper is either

an asset manager as defined in 18 C.F.R. Section 284.8(h)(3) or a

marketer participating in a state-regulated retail access program as

defined in 18 C.F.R. Section 284.8(h)(4), and all other terms and

conditions of the release are met, Releasing Shipper shall notify

HIOS by posting the information required by subsection 17.4 of this

Section 17, which information will be on HIOS' Interactive Internet

Website in accordance with the following schedule:

(i) Timely Cycle

Posting of prearranged deals not subject to bid are due by

10:30 A.M.

(ii) Evening Cycle

Posting of prearranged deals not subject to bid are due by

5:00 P.M..

(iii) Intraday 1 Cycle

Posting of prearranged deals not subject to bid are due by

9:00 A.M.

(iv) Intraday 2 Cycle

Posting of prearranged deals not subject to bid are due by

4:00 P.M.

For each cycle, contracts will be issued within one hour of award

posting (with a new contract number, when applicable); nomination

possible beginning at the next available nomination cycle for the

effective date of the contract. (Central Clock Time)

The Prearranged Shipper must initiate confirmation of Prearranged

Transaction via HIOS' Interactive Internet Website. Nominations

submitted in accordance with this Section 17.5(b) will be processed

in accordance with the nomination and scheduling requirements of

Section 7 of the General Terms and Conditions of this Tariff. A

Prearranged Shipper may not consummate a release with any Releasing

Shipper without such release being subject to the bidding requirement

if such Releasing Shipper has, within the prior twenty-eight (28)

consecutive days, released capacity to such Prearranged Shipper,

which prior release was not subject to the bidding requirements for

any reason other than the fact that the Prearranged Shipper was

paying the maximum rates for such prior release or the release was

made pursuant to 18 C.F.R. Section 284.8(h)(3) or 18 C.F.R. Section

284.8(h)(4). All other provisions of this Section 17 shall apply,

including Releasing Shipper's obligations under subsection 17.12 of

this Section 17.