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

Superseding: Third 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.;

- 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.;

- 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)

(d) Non-biddable releases on non-Business Days:

The Releasing Shipper, the Replacement

Shipper and Stingray must mutually agree to

procedures on a Business Day preceding the

release to ensure that posting of the

prearranged deal, contract issuance, and

nominations by the Replacement Shipper at

the next available nomination cycle can be

accommodated within a time period deemed

reasonable by all parties.

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.