NorAm Gas Transmission Company

Fourth Revised Volume No. 1

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Effective Date: 05/01/1997, Docket: RP97- 61-002, Status: Effective

Second Revised Sheet No. 279 Second Revised Sheet No. 279 : Superseded

Superseding: First Revised Sheet No. 279

GENERAL TERMS AND CONDITIONS

(continued)

19.3 Capacity Release Timeline.

(a) All offers must be complete, valid and in

compliance with the terms of this Tariff, prior to

posting. Valid and complete offers will be posted

upon receipt. Except as provided in Section 19

above, the timelines set forth in (b) and (c)

below for capacity releases shall be applicable

if:

(i) all information provided by the parties

to the transaction is valid, complete,

and satisfies the requirements of this

section;

(ii) all bidders have been determined by

Transporter to be creditworthy prior to

the bidder's tender of a bid;

(iii) there are no special terms and

conditions of the release; and

(iv) the offer to release contains one of the

bid evaluation methodologies specified

in Section 19.5(a) below.

(b) For releases of less than five (5) Months:

(i) On the Day prior to the Day nominations

are due for the proposed effective date

of the release:

(1) Offers shall be received by 1:00

p.m.;

(2) Bid period ends at 2:00 p.m.;

(3) Bid evaluation period begins at

2:00 p.m., during which

contingencies are eliminated; best

bid is determined; and bid ties are

broken, and ends at 3:00 p.m.;

(4) Award of capacity or the triggering

of a matching right communicated to

the appropriate party by 3:00 p.m.;