Arkansas Western Pipeline Company

First Revised Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-187-003, Status: Effective

First Revised Sheet No. 23 First Revised Sheet No. 23 : Superseded

Superseding: Original Sheet No. 23

provisions of this Section. Such existing Shipper may propose

a potential shipper to obtain its released capacity from

Transporter.

15.3 A firm Shipper that wants to release any or all of its firm

capacity must submit a Releasing Shipper's Form (Schedule A,

attached hereto) to the Transporter.

15.4 Except as provided in subsection 15.17, pertinent information

from all Releasing Shipper's Form(s) will be posted on

Transporter's TBB system in accordance with the provisions of

Schedule B, attached hereto. Transporter may take other action

to market any released capacity. The Shipper may search for

any party to take its capacity both before and after the

capacity is posted on the TBB system. However, a capacity

release cannot be consummated until after it is posted.

Contracting is done directly with Transporter. Transporter will

post on its TBB available firm or interruptible capacity and

the terms and conditions applicable to such capacity.

Potential shippers may elect, in their discretion, to contract

for Transporter's uncommitted firm capacity, the released

capacity or interruptible capacity.

15.5 Transporter shall post on the TBB offers to purchase capacity.

15.6 Except as provided in subsections 15.17 and 15.18, a potential

Shipper that wants to bid for any or all of a Shipper's

released capacity must submit a Bidder's Form (Schedule C,

attached hereto) to the Transporter. Pertinent information

from all Bidder's Forms will be posted on Transporter's TBB

system in accordance with the provisions of Schedule B. The

Releasing Shipper shall have the right, consistent with Order

No. 636, to select the objective criteria by which Transporter

determines the "best bid." In the event that the Releasing

Shipper does not provide Transporter with criteria to determine

the "best bid," the "best bid" shall be determined in

accordance with Section 14.5 above.

15.7 Except as provided in subsections (a), (b), and (c) below, at

the close of the Bid Period as provided in Schedule B,

Transporter shall award the bids, "best bid first" until all

offered capacity is awarded. Transporter will give any

potential