Kern River Gas Transmission Company

Second Revised Volume No. 1

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Effective Date: 10/01/2002, Docket: RP03- 34-000, Status: Effective

Third Revised Sheet No. 822 Third Revised Sheet No. 822 : Superseded

Superseding: Second Revised Sheet 822



Kern River Firm Transportation Services





5.3 Releases Permitted Without Prior Posting and Bidding. (Continued)


(b) Maximum Rate Prearranged Bidder. Additionally, prior posting and

bidding pursuant to the procedures set forth in this Article 5

will not be required if the Releasing Shipper has provided to

Transporter the information required by Section 5.2(l) regarding a

Prearranged Bidder which has agreed to pay a Total Release

Reservation Charge which is equal to Transporter's combined

respective maximum Monthly Reservation Rate and any and all other

maximum reservation charges and surcharges applicable to this

Governing Rate Schedule, or the one-part volumetric equivalent

thereof, as may be revised from time to time (individually, the

"Tariff Reservation Rate" and the "Tariff Reservation Surcharges,"

and collectively, the "Total Tariff Reservation Charge"). In the

event the Releasing Shipper elects to release its Transportation

rights under this Section 5.3(b) without prior posting and

bidding, then Transporter shall post the terms and conditions of

any Release under this Section 5.3(b) and the identity of

Prearranged Bidder on its EBB no later than 9:00 a.m. Central

Clock Time.


5.4 Transporter's Posting of Release Requests


(a) GISB 5.3.24: "Capacity release facilitator should post offers and

bids, including prearranged deals, upon receipt, unless releasing

shipper requests otherwise. If a releasing shipper requests a

posting time, the capacity release service facilitator should

support such request insofar as it comports with the standard

timeline set forth in standard 5.3.2." Notwithstanding the

foregoing, Transporter shall not post the identity of any

Prearranged Bidder pursuant to this Section 5.4(a). The period of

time for Transporter's posting of the information related to the

Release ("Posting Period"), and the period of time during which

bids will be received on such Release ("Bidding Period"), shall be

in accordance with the relevant periods of time set forth in

Section 5.8.