Stingray Pipeline Company

Third Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP02-469-000, Status: Effective

Third Revised Sheet No. 148B Third Revised Sheet No. 148B : Effective

Superseding: Second Revised Sheet No. 148B

GENERAL TERMS AND CONDITIONS

Intraday 1 Cycle

- posting of prearranged deals not

subject to bid are due by 9:00 A.M.

on a Business Day;

- 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)

Intraday 2 Cycle

- posting of prearranged deals not

subject to bid are due by 4:00 P.M.

on a Business Day;

- 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)

16.2 DEFINITIONS

(a) BID VALUE

The value assigned to a Qualified Bid or a

Prearranged Release according to the bid

evaluation procedures set forth in Section

16.10 or, if applicable, the bid

evaluation procedures set forth in the

Capacity Release Request.

(b) CAPACITY RELEASE REQUEST

The request that a Releasing Shipper submits

to initiate the capacity release procedure

under this Section 16.

(c) ELIGIBLE FIRM TRANSPORTATION AGREEMENT

A transportation agreement under Rate

Schedules FTS or FTS-2, except for FTS

Agreements which the Shipper entered into

pursuant to a release of capacity for

which the Shipper is paying a volumetric

rate rather than a fixed reservation

charge.

(d) MAXIMUM BID VOLUME

The maximum amount of capacity the

Qualified Bidder agreed to accept in its

Qualified Bid.

(e) MINIMUM BID VOLUME

The minimum amount of capacity the

Qualified Bidder agreed to accept in its

Qualified Bid.