Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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

Sixth Revised Sheet No. 159 Sixth Revised Sheet No. 159

Superseding: Fifth Revised Sheet No. 159

GENERAL TERMS AND CONDITIONS

regulations, for releases with a term of one Year or

less, a Qualified Bidder may bid rates which would

exceed Stingray's maximum rate applicable to the

Eligible Firm Transportation Agreement capacity. For

releases with terms of more than one Year , a

Qualified Bidder may not bid rates which would exceed

Stingray's maximum reservation charge applicable to

the Eligible Firm Transportation Agreement capacity.

If the original Shipper is paying a Negotiated Rate or

a rate under a Negotiated Rate Formula pursuant to

Section 34 of these General Terms and Conditions, a

Qualified Bidder may not bid a rate which exceeds the

applicable Recourse Rate except as permitted by the

Commission's regulations at Section 284.8(i) and

Section 16.7(c) hereof for releases with a term of one

Year or less. A Qualified Bid may state a dollar

amount or a percentage of Stingray's maximum

reservation rate, unless the Releasing Shipper has

specified that the bid must specify one or the other,

in which case, the Qualified Bid must comport with the

Releasing Shipper's choice. A bid at a rate equal to

Stingray's maximum reservation rate shall be a bid for

Stingray's maximum reservation rate as such rate may

increase or decrease from time to time in the future.

The maximum Qualified Bid reservation charge includes

all demand surcharges, including all direct-billed

charges and Order No. 636 transition costs which are

or may become applicable to the Eligible Firm

Transportation Agreement capacity.

(d) All Qualified Bids shall provide for payment of

maximum commodity charges under Stingray's Tariff for

the capacity bid, as well as all other applicable add-

on charges and surcharges under Stingray's Tariff,

such as, but not limited to, ACA, Company Use Gas and

the Event Surcharge, and any FERC Order No. 636

commodity-based transition cost recovery surcharge,

unless Stingray agrees in writing otherwise.

(e) A Qualified Bid received by Stingray during an open

season shall be posted by Stingray on its Interactive