Florida Gas Transmission Company

Third Revised Volume No. 1

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Effective Date: 03/27/2000, Docket: RP00-262-001, Status: Effective

Fourth Revised Sheet No. 166 Fourth Revised Sheet No. 166 : Superseded

Superseding: Third Revised Sheet No. 166

GENERAL TERMS AND CONDITIONS

(continued)

2. For Longer Term Biddable Releases (5 months or more)

a. Offers must be tendered between the hours of 8:00 A.M. and 4:00 P.M.

Central Time and not later than 1:00 P.M. four business days before

award;

b. Open season ends three business days after it begins, and no later

than 2:00 P.M. on the business day before nomination are due;

c. Evaluation period begins upon the close of the open season and not

later than 2:00 P.M. (on the business day before nominations are

due) during which contingency is eliminated, determination of best

bid is made, and ties are broken;

d. Evaluation period ends by 3:00 P.M. on the business day before

nominations are due;

e. Match or award is communicated by 3:00 P.M. on the business day

before nominations are due;

f. Match response by 4:00 P.M. on the business day before nominations

are due;

g. Award posting by 5:00 P.M. on the business day before nominations

are due;

h. Contract tendered with contract number by 10:00 A.M.; contract

executed; nomination possible for next day gas flow.

3. Posting of Pre-Arranged Deals

Pre-arranged deals not subject to bid shall be posted by 9:00 A.M. the day

of nominations.

All times are Central Clock Time.

E. Notice Required by Shipper

1. Notice by Relinquishing Shipper. A Shipper who desires to relinquish any

or all of its eligible capacity must notify Transporter of said Shipper's

desire to relinquish eligible capacity ("Relinquishing Shipper") and the

terms and conditions of such proposed relinquishment. (Such notice is

hereinafter referred to as the "Relinquishment Notice"). Such

Relinquishment Notice shall be in writing or provided electronically

pursuant to Section 18L and in the form set out in the Tariff and shall be

executed by an authorized representative of the Relinquishing Shipper.

All terms and conditions a Relinquishing Shipper proposes shall be posted

as set forth below. Such terms and conditions must be objectively stated,

non-discriminatory and applicable to all potential bidders. The

Relinquishment Notice shall constitute a binding offer on the part of

Relinquishing Shipper to relinquish the eligible capacity pursuant to the

terms of the Relinquishment Notice, until written or electronic notice of

withdrawal is received by Transporter. Transporter shall reject any

Relinquishment Notice that does not comply fully with the foregoing

requirements. Such Relinquishment Notice shall provide the following

information: