Williams Natural Gas Company

Second Revised Volume No. 1

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Effective Date: 10/01/1993, Docket: RS92- 12-003, Status: Effective

Original Sheet No. 246 Original Sheet No. 246 : Superseded

GENERAL TERMS AND CONDITIONS

11. FIRM CAPACITY REASSIGNMENT (Cont'd)

11.3 Pre-arranged releases

(a) Short Term Releases (less than one month): WNG will notice

short-term pre-arranged deals for capacity through a posting

on its EBB. Such pre-arranged release of firm capacity need

not comply with the notification, posting, and bidding

requirements of Article 11.4. A firm release under this

paragraph shall be posted on WNG's electronic bulletin board

(EBB) within two business days after the release transaction

commences. Any such release may not be extended to the same

Replacement Shipper within 30 days of the first release,

without being subject to the provisions of Article 11.4.

(b) Long Term Releases (one month or more): WNG will notice

long-term pre-arranged deals for capacity through a posting

on its EBB. The Pre-arranged Shipper and parties who wish

to bid for the capacity must comply with the posting,

bidding, and matching requirements of Article 11.4.

11.4 Procedure

(a) A Releasing Shipper desiring to reassign firm capacity must

initiate the assignment of capacity by executing and

delivering to WNG a Release Notice. The Releasing Shipper

must notify WNG no less than 2 business days prior to the

desired posting date for releases.