NorAm Gas Transmission Company

Fourth Revised Volume No. 1

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

Original Sheet No. 279A Original Sheet No. 279A : Superseded

GENERAL TERMS AND CONDITIONS

(continued)

(5) Pre-arranged replacement Shipper

communicates any exercise of a

matching right by 4:00 p.m.;

(6) Posting of award for releases

requiring bidding by 5:00 p.m.

(ii) On the Day nominations are due for the proposed

effective date of the release:

(1) Pre-arranged releases exempt from

bidding process posted by 9:00 a.m.;

(2) Service Agreement tendered to

replacement Shipper by 10:00 a.m. via

facsimile;

(c) For releases of five (5) Months or more:

(i) Offers shall be received by 1:00 p.m. at

least four (4) Business Days prior to

award;

(ii) Bid period shall commence at posting of the

offer and shall end at 2:00 p.m. four (4)

Business Days prior to award on the third

successive Business Day after the Business

Day of posting;

(iii) On the Business Day on which the bid period

ends:

(1) Award of capacity or the

triggering of a matching right

shall be communicated to the

appropriate party by 3:00 p.m.;

(2) Pre-arranged replacement Shipper

communicates any exercise of a

matching right by 4:00 p.m.

(3) Posting of award for releases

requiring bidding by 5:00 p.m.

(iv) On the next Business Day after the close of

the bidding period: