Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 03/01/2009, Docket: RP09-331-000, Status: Effective

Sixth Revised Sheet No. 148A Sixth Revised Sheet No. 148A

Superseding: Fifth Revised Sheet No. 148A

GENERAL TERMS AND CONDITIONS

- match response by 2:30 p.m.;

- where 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)

For biddable releases (More than 1 Year):

- offers should be tendered by 12:00 p.m. four

Business Days before award;

- 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 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)

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);