Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

Second Revised Sheet No. 161 Second Revised Sheet No. 161

Superseding: First Revised Sheet No. 161

GENERAL TERMS AND CONDITIONS

Qualified Bid(s) in writing or electronic means by

4:00 p.m. Central Clock Time on the Business Day on

which Stingray gave notice to the Prearranged Shipper

of such winning Qualified Bid(s) (or such later time

as requested by the Releasing Shipper in its Capacity

Release Request). In the event of a timely match,

then the Prearranged Shipper shall be awarded the

released capacity by 5:00 p.m. Central Clock Time on

that Business Day. To the extent that the Prearranged

Shipper fails to timely match (within the above time

frame) the winning Qualified Bid(s) with a higher Bid

Value, then the Qualified Bidder(s) who made the

winning Qualified Bid shall be awarded the capacity by

5:00 p.m. Central Clock Time on the Business Day of

Stingray's notice to the Prearranged Shipper.

(c) For any other Capacity Release Request, the capacity

rights shall be automatically awarded to the winning

Qualified Bidder(s) when Stingray has identified the

entity(s) to receive the released capacity under this

Section 16.

(d) A capacity release shall become effective, and

nominations for Gas service utilizing the release

capacity shall be accepted, at the latest of the

following times:

(1) The applicable nomination deadline set forth in

Section 6.2 of these General Terms and

Conditions for the start of service requested

for such release in the Capacity Release

Request; or

(2) The applicable nomination deadline set forth in

Section 6.2 of these General Terms and

Conditions on the Day following the capacity

award.

(e) Gas nominations for transportation pursuant to

released capacity are subject to the provisions of

Section 6 of these General Terms and Conditions. Gas

nominations by a Shipper utilizing released capacity

awarded by Stingray shall constitute Shipper's binding

acceptance of the terms and conditions of the