Mississippi River Transmission Corp.

Third Revised Volume No. 1

Effective Date: 05/01/1994, Docket: RP93- 4-017, Status: Effective

First Revised Sheet No. 162 First Revised Sheet No. 162 : Superseded

Superseding: Original Sheet No. 162

GENERAL TERMS AND CONDITIONS

(Continued)

14. CAPACITY RELEASE

14.1 Definitions

(a) The term "Approved Bidder" shall mean any Potential

Bidder that has met MRT's credit criteria as set forth in Section

5.4 of these General Terms and Conditions and has executed a

Master Capacity Release Agreement.

(b) The term "Best Bid" shall mean the Qualifying Bid of

the highest value that meets the objective and nondiscriminatory

economic standard set forth in the Releasing Customer's Release

Offer, or the economic standard set forth in Section 14.7 herein

if the Releasing Customer did not include such standard in its

Release Offer, and that meets all other terms and conditions of

the Release Offer.

of capacity pursuant to a Release Offer subject to this Section.

(d) The term "Master Capacity Release Agreement" shall

mean the form of service agreement set forth in this tariff that

must be executed by a Potential Bidder that has met MRT's credit

criteria pursuant to Section 5.4 of these General Terms and

Conditions in order to contract for capacity offered for release.

(e) The term "Maximum Firm Transportation Charge" shall

mean MRT's maximum applicable tariff reservation rate(s)

applicable to the released capacity, plus all fees, surcharges,

transition, or other costs owed by the Releasing Customer to MRT.

(f) The term "Potential Bidder" shall mean any person or

entity who desires to place a bid for a Release Offer pursuant to

this Section.

(g) The term "Pre-Arranged Release" shall mean the binding

agreement between a Releasing Customer and a Pre-Arranged

Replacement Customer pertaining to the release of firm capacity,

subject to this Section 14.