Stingray Pipeline Company

Third Revised Volume No. 1

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

Seventh Revised Sheet No. 150 Seventh Revised Sheet No. 150 : Pending

Superseding: Sixth Revised Sheet No. 150

GENERAL TERMS AND CONDITIONS

(k) RELEASED FIRM TRANSPORTATION AGREEMENT

The agreement between Stingray and a

Replacement Shipper or a Subreplacement

Shipper by which the Replacement Shipper or

Subreplacement Shipper confirms the receipt

of capacity rights under an Eligible Firm

Transportation Agreement released by a

Releasing Shipper under this Section 16.

(l) RELEASING SHIPPER

Any Shipper holding capacity rights under

an Eligible Firm Transportation Agreement

or Released Firm Transportation Agreement

who has released or seeks to release such

capacity rights pursuant to this Section

16.

(m) REPLACEMENT SHIPPER

A Shipper receiving capacity rights under

an Eligible Firm Transportation Agreement

pursuant to a direct release from an

Original Shipper under this Section 16.

(n) SHORT-TERM PREARRANGED RELEASE

A Prearranged Release with a term of thirty-

one (31) days or less that is not for the

maximum reservation charge.

(o) SUBREPLACEMENT SHIPPER

A Shipper receiving capacity rights

released from an Eligible Firm

Transportation Agreement by a Replacement

Shipper or a Subreplacement Shipper under

this Section 16.

(p) UNIT BID VALUE

The unit value per Dth assigned to a

Qualified Bid or a Prearranged Release

according to the bid evaluation procedures

set forth in Section 16.10.

(q) WINNING BID VALUE

The highest possible total Bid Value

achievable under Section 16.10 for the

Capacity Release Request from the Qualified

Bids consistent with the Capacity Release

Request and this Section 16.

16.3 RELEASE WITHOUT A PREARRANGED SHIPPER

A Shipper seeking to release its Eligible Firm

Transportation Agreement capacity rights without

a Prearranged Shipper shall deliver a Capacity

Release Request to Stingray's Interactive

Internet Website or via EDI which sets forth: