Pacific Interstate Offshore Company

Second Revised Volume No. 1

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

Original Sheet No. 61 Original Sheet No. 61 : Effective

GENERAL TERMS AND CONDITIONS (cont'd)

17. CAPACITY RELEASE (Cont'd)

17.11 Releases During One Calendar Month: A Releasing

Shipper may release capacity during any calendar

month, for any period less than one calendar month,

without following the procedures set forth in

Sections 17.1, 17.2 and/or 17.3 hereof. No such

release may be extended beyond one calendar month to

the Replacement Shipper or any of its affiliates

without following the procedures set forth in

Sections 17.1, 17.2 and/or 17.3 hereof or if

Replacement Shipper offers to pay the maximum rate

and complies with all other terms and conditions for

releases under this Tariff. The terms and

conditions of any release pursuant to this section,

plus the identity of the Replacement Shipper, shall

be provided to Transporter within 24 hours of the

commencement of the release and posted by

Transporter within 48 hours of the release for 48

hours. In all cases Replacement Shipper will be

subject to all requirements of this Tariff.

17.12 Special Releases: Any Shipper may post for bid a

special release. Such posting shall set minimum

price terms and the first qualified bidder to submit

a bid at those terms shall immediately obtain the

capacity. A special release shall not extend longer

than 10 days, and may not be rolled over except

pursuant to the procedures in Sections 17.1, 17.2,

17.3 and/or 17.12 hereof. In all cases the

Replacement Shipper will be subject to all the

requirements of this Tariff.

17.13 Offers To Purchase Capacity: Any person may

submit to Transporter for posting an offer to

purchase capacity. Any Shipper may attempt to

accept such a posted offer by following the

prearranged offer provisions of Section 17.3 hereof.