Ngo Transmission, Inc.

Original Volume No. 1

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Effective Date: 11/22/2003, Docket: RP04- 67-000, Status: Effective

Original Sheet No. 94 Original Sheet No. 94 : Effective

-- open season ends no later than 1:00 P.M. on the

Business Day before timely nominations are due (open

season is three Business Days);

-- evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid

is made, and ties are broken;

-- evaluation period ends and award posting if no match

required at 2:00 P.M.;

-- match or award is communicated by 2:00 P.M.;

-- match response by 2:30 P.M.;

-- where no match required, award posting by 3:00 P.M.;

-- contract 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)

(c) For non-biddable releases:

Timely Cycle

-- posting of prearranged deals not subject to bid are

due by 10:30 A.M.;

-- contract 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)

Evening Cycle

-- posting of prearranged deals not subject to bid are

due by 5:00 P.M.;

-- contract 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)

Intraday 1 Cycle

-- posting of prearranged deals not subject to bid are

due by 9:00 A.M.;

-- contract 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)