K N Wattenberg Transmission LLC

First Revised Volume No. 1

Effective Date: 06/01/1999, Docket: RP99-288-000, Status: Effective

Second Revised Sheet No. 85 Second Revised Sheet No. 85 : Effective

Superseding: First Revised Sheet No. 85

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

b. Released capacity has the same priority as non-released

capacity.

c. Released FT is considered firm services.

d. For purposes of applying the above scheduling order, a Shipper

paying a Negotiated Rate will be subject to the provisions of

Section 24 above.

Firm intra-day nominations are entitled to bump scheduled

Interruptible volumes only during the Evening and Intra-Day 1

Nomination Cycles, as defined in Section 6.1. Firm intra-day

nominations are not entitled to bump already scheduled firm

volumes.

31. CAPACITY RELEASE BY FIRM SHIPPERS

31.1 GENERAL

(a) Subject to the terms, conditions and limitations set

forth in this Section 31, a Shipper holding capacity rights under an

Eligible Firm Transportation Agreement shall have the right to

release all or a portion of such capacity rights and, if a capacity

release is effectuated under this Section 31, to receive a credit for

reservation charge revenues received by Transporter from that other

Shipper for such released capacity.

(b) The deadlines set forth in this Section 31 are

applicable to all parties involved in the capacity release process;

however, they are only applicable if all information provided by the

parties to the transaction is valid and the Replacement Shipper (or

Subreplacement Shipper, if applicable) has been determined to be

creditworthy before the Qualified Bid is tendered, and there are no

special terms or conditions of the release.

process and deadlines set forth in greater detail in the remainder of

this Section 31:

(1) For short-term releases (less than five months):

(i) The Capacity Release Request should be tendered

by no later than 1:00 p.m. Central Clock Time on the day before

nominations are to be submitted under the resulting release;

(ii) The open season ends no later than

2:00 p.m. Central Clock Time on the day before nominations are due

(evaluation period begins at 2:00 p.m. Central Clock Time during

which contingency is eliminated, determination of winning Qualified

Bid(s) is made, and ties are broken);