Stingray Pipeline Company

Third Revised Volume No. 1

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Effective Date: 07/01/2003, Docket: RP03-445-000, Status: Pending

Fourth Revised Sheet No. 148A Fourth Revised Sheet No. 148A : Pending

Superseding: Third Revised Sheet No. 148A

GENERAL TERMS AND CONDITIONS

For biddable releases (1 year or more):

- offers should be tendered by 12:00

p.m. four Business Days before award;

- open season ends no later than 1:00

p.m. on the Business Day before

timely nominations are due (open

season is three Business Days);

- evaluation period begins at 1:00 p.m.

during which contingency is

eliminated, determination of best bid

is made, and ties are broken;

- evaluation period ends and award

posting if no match required at 2:00

p.m.;

- match or award is communicated by 2:00

p.m.;

- match response by 2:30 p.m.;

- where match required, award posting by

3:00 p.m.;

- contract issued within one hour of

award posting (with a new contract

number, when applicable); nomination

possible beginning at the next

available nomination cycle for the

effective date of the contract.

(Central Clock Time)

For non-biddable releases:

Timely Cycle

- posting of prearranged deals not

subject to bid are due by 10:30 A.M.;

- contract issued within one hour of

award posting (with a new contract

number, when applicable); nomination

possible beginning at the next

available nomination cycle for the

effective date of the contract.

(Central Clock Time)

Evening Cycle

- posting of prearranged deals not

subject to bid are due by 5:00 P.M.;

- contract issued within one hour of

award posting (with a new contract

number, when applicable); nomination

possible beginning at the next

available nomination cycle for the

effective date of the contract.

(Central Clock Time)