Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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

First Revised Sheet No. 201 First Revised Sheet No. 201

Superseding: Original Revised Sheet No. 201

GENERAL TERMS AND CONDITIONS

34. NEGOTIATED RATES

34.1 PRECONDITIONS TO NEGOTIATED RATES

Rates to be charged by Stingray for service to any Shipper

under Rate Schedule FTS, FTS-2 or ITS may deviate in either

form or level or both from the applicable maximum and/or

minimum rate level in this Tariff, subject to the following

provisions:

(a) Stingray and Shipper have executed a valid Agreement

containing therein or in a related agreement a

specific mutual understanding that Negotiated Rate(s)

or a Negotiated Rate Formula will apply to service for

that Shipper;

(b) At the time of execution of the Agreement (or the

amendment to an Agreement), which first provides for

the applicability to Shipper of the Negotiated Rate(s)

or Negotiated Rate Formula, service was available

pursuant to the terms and conditions (not modified by

this Section 34) of Rate Schedule FTS, FTS-2 or ITS of

this Tariff, as applicable;

under this Section 34 if and to the extent service is

available at the Recourse Rate;

(d) Stingray will not negotiate terms and conditions of

service under this Section 34; and

(e) No later than the Business Day on which Stingray

commences service at such Negotiated Rate(s) or

Negotiated Rate Formula (or if the Day on which

Stingray commences service is not a Business Day, then

no later than the next Business Day after Stingray

commences service), Stingray will file a tariff sheet

advising the Commission of such Negotiated Rate or

Negotiated Rate Formula, stating the name of Shipper,

the type of service, the primary Receipt and Delivery

Point(s) applicable to the service, the volume of the

Gas to be transported, any other charges, and

specifying either: (i) the specific Negotiated Rate

included in such Agreement; or (ii) the Negotiated

Rate Formula included in such