Caledonia Gas And Storage

First Revised Volume No. 1

Effective Date: 09/30/2010, Docket: RP10-1032-000, Status: Effective

Original Sheet No. 66 Original Sheet No. 66

however, it is only applicable if (i) all information

provided by the parties to the transaction is valid and the Replacement

Customer has been determined to be creditworthy before the capacity

release bid is tendered and (ii) there are no special terms or

conditions of the release.

5.5 The Capacity Release timeline is as follows:

(a) For standard biddable releases of less than one (1)

year:

(i) Offers shall be tendered by 12:00 P.M. CCT on a Business Day;

(ii) The bid period shall end at 1:00 P.M. CCT on the same Business Day

or at 1:00 P.M. CCT on any subsequent Business Day as specified in

Releasing Customer’s offer, whichever is elected by Releasing Customer;

(iii) Evaluation period begins at 1:00 P.M. CCT on the Gas Day the bid

period ends, during which contingency is eliminated, determination of

best bid is made, and ties are broken;

(iv) Evaluation period ends and award is posted if no match is required

at 2:00 P.M. CCT the same Gas Day;

(v) Match or award is communicated by 2:00 P.M. CCT;

(vi) If the Prearranged Customer’s bid is not the “best bid,” Caledonia

shall allow such Prearranged Customer a matching period of thirty (30)

minutes from 2:00 P.M. CCT until 2:30 P.M. CCT on the Gas Day the bid

period ends, or such later time as specified in the Releasing

Customer’s offer, to determine whether to match the “best bid” and to

notify Caledonia of its decision.

(vii) If a match is required, the award will be posted by 3:00 P.M. CCT.

(viii) Caledonia will issue a contract within one hour of the award

posting (with a new contract number, when applicable). Nominations for

Gas flow are possible beginning at the next available nomination cycle

for the effective date of the contract. Such nominations will be

processed in accordance with the nomination and scheduling requirements

of Section 9 of the General Terms and Conditions; however, in no

circumstance will Gas flow prior to the effective date of the release

as specified in Releasing Customer’s offer.