Carnegie Interstate Pipeline Company

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-173-004, Status: Effective

Sub First Revised Sheet No. 86 Sub First Revised Sheet No. 86 : Effective

Superseding: Original Sheet No. 86

GENERAL TERMS AND CONDITIONS

(Continued)

10.5 (Continued)

reservation surcharges, and other

fixed costs attributable to all capacity rights

released by the Releasing Shipper for that month

and billed to an Acquiring Shipper ("Credit

Back"); provided however, CIPCO shall have the

right to reverse such Credit Back and to charge

applicable interest in the event the Acquiring

Shipper that acquires Releasing Shipper's

capacity fails to pay such amounts billed to

Acquiring Shipper on a timely basis in

accordance with the payment provisions set forth

in Section 22.

In the event the reservation charges

under the Service Agreement between CIPCO and

the Acquiring Shipper exceed the reservation

charges paid pursuant to the Service Agreement

between CIPCO and the Releasing Shipper, CIPCO

shall Credit Back such excess revenues to the

Releasing Shipper.

10.6 Time Periods

(a) Complete offers for release and bids,

including pre-arranged releases, shall be posted

upon receipt, unless Releasing Shipper requests

otherwise. Releasing Shipper may require a

posting time provided such posting time comports

with the standard timeline set forth below. The

Capacity Release timeline is applicable to all

parties involved in the Capacity Release process

so long as all information provided by the

parties to the transaction is valid and the

Replacement Shipper has been determined to be

creditworthy before the capacity release bid is

tendered.