Pacific Interstate Offshore Company

Second Revised Volume No. 1

Effective Date: 01/01/1994, Docket: RS92- 73-001, Status: Effective

Original Sheet No. 53 Original Sheet No. 53 : Effective

GENERAL TERMS AND CONDITIONS (cont'd)

17. CAPACITY RELEASE (Cont'd)

17.1 Procedure for Making Offer to Release: (cont'd)

a. (cont'd)

4. The name, address and telephone number of

the representative authorized to act on

behalf of the Releasing Shipper with

respect to the offer to release.

5. The date and time for submitting bids and

posting on the EBB.

6. The Receipt and Delivery points associated

with the offer, which shall be the receipt

and delivery points for the Replacement

Shipper.

7. The length of time the offer to release

should be posted on Transporter's

electronic bulletin board, which length of

time shall not be less than the minimum

periods described in Section 17.1(c)

below.

8. Whether bids for the released capacity

shall be evaluated based on (1) the

economic value of the reservation fee

portion of the bid, as calculated pursuant

to Section 17.6 hereof; (2) the

reservation fee per MMBtu of the bid; (3)

other objective and non-discriminatory

criteria provided by the Releasing Shipper

to Transporter, or (4) a volumetric basis

up to the maximum rate provided under Rate

Schedule IT-1 or any combination thereof

for any amount or release capacity, and