K N Interstate Gas Transmission Co.

Third Revised Volume No. 1-B

Effective Date: 08/01/1996, Docket: RP96-296-000, Status: Effective

Original Sheet No. 48 Original Sheet No. 48 : Superseded

GENERAL TERMS AND CONDITIONS FOR SERVICES - continued

(6) Whether bidder is willing to accept a

quantity less than that bid upon;

(7) Any other conditions of the acquisition.

c. All bids on released capacity will be posted on

Transporter's electronic bulletin board. The

information listed in Section 23.4(b) will be

posted except for the Shipper's legal name and the

wire transfer information listed in Section

24.3(b)(7).

d. Any party desiring to acquire capacity for which

no offer of release has been made may post notice

of its desire by submitting the above information

and the desired posting period to Transporter via

the bulletin board electronic mail system or in

accordance with Section 20 of these General Terms

and Conditions.

23.5 BID PERIOD.

If a Shipper desires to release capacity, Shipper may

post the available capacity on Transporter's electronic

bulletin board. This posting will be for a minimum

period of two business days, for releases of more than

one (1) calendar month in length, and up to a maximum

period of one month, as specified by releasing

Shipper. A releasing Shipper may specify an

objectively stated, non-discriminatory standard and

post it on Transporter's EBB for determining the best

bid(s). If releasing Shipper does not so specify,

bids will be evaluated based on the economic value of

the reservation charge bid as calculated by the

formula: