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Second Revised Sheet No. 286 Second Revised Sheet No. 286 : Superseded

Superseding: First Revised Sheet No. 286

GENERAL TERMS AND CONDITIONS

(continued)

(e) Releasing Shipper and any replacement Shipper

must track any changes in Transporter's rates

approved by the Commission. If the

Commission orders refunds of any such rates

charged by Transporter subject to refund,

Transporter and/or releasing Shipper, as the

case may be, must make corresponding refunds

to such releasing Shipper or any replacement

Shipper, to the extent that releasing Shipper

or replacement Shipper(s) has paid amounts in

excess of Transporter's finally determined

applicable maximum rates.

(f) A releasing Shipper may re-release to the

same replacement Shipper for a term of

thirty-one (31) Days or less at rates less

than the applicable maximum rates if either:

1) a period of twenty-eight (28) Days has

elapsed after the first release for thirty-

one (31) Days or less has expired or 2) the

releasing Shipper causes the posting of an

offer to release capacity or of a pre-

arranged transaction to be made, and capacity

is allocated on the basis of bids submitted.

A releasing Shipper may also re-release

(without a twenty-eight Day waiting period)

to the same replacement Shipper for any term

at maximum rates. Otherwise, an agreement for

capacity to be released at less than maximum

rates for a term of thirty-one (31) Days or

less shall not contain an evergreen provision

and may not be rolled-over for any additional

time period.

(g) If the releasing Shipper retains recall

rights, it shall specify the condition(s)

precedent to such recall and any recall must

be for a period of one or more Day(s). The

releasing Shipper shall be responsible for

providing notice to Transporter as specified

in this sub-section and the replacement

Shipper(s) of its exercise of the recall

rights. No later than 8:00 a.m. on the Day

nominations are due for the first Day of the

recall period, the releasing Shipper must

communicate its intent to recall capacity to