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TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.22
CAPACITY RELEASE
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS

    
    
                2.  In the event Releasing Shipper presents a PRS that is on 
                    the approved bidders list, and such PRS agrees to pay the 
                    applicable Maximum Rate and agrees to all other conditions 
                    of the release prior to the submission of the Shipper 
                    Notice to Transporter, the released capacity will be assigned 
                    to the PRS and such Shipper Notice shall be exempt from the 
                    bidding process in accordance with this section.  The PRS 
                    will be posted as the winning bidder in accordance with 
                    this section.
    
                3.  Timing of Capacity Releases Exempt from Bidding – For 
                    non-biddable releases, the posting of the Shipper Notice 
                    for prearranged deals not subject to bid are due 
                    (Central Time):
    
                     a)  Timely Cycle – by 10:30 a.m. on a business day
    
                     b)  Evening Cycle – by 5:00 p.m. on a business day
      
                     c)  Intra-day 1 Cycle – by 9:00 a.m. on a business day
      
                     d)  Intra-day 2 Cycle – by 4:00 p.m. on a business day
    
                     The capacity release addendum number will be issued within 
                     one (1) hour of the award posting.  Nomination is possible 
                     beginning at the next available nomination cycle for the 
                     effective date of the capacity release addendum.

        7.22.4. Bidding Process
            
                1.  In order to submit a valid bid under this capacity release 
                    program, any party, including a PRS, must be on the approved 
                    bidders list.  To be on the approved bidders list, a party 
                    must meet the provisions of this section and have executed 
                    a Capacity Release Transportation Service Agreement with 
                    Transporter in the form as set forth in this Tariff.  A 
                    party shall remain on the approved bidders list until such 
                    party notified Transporter to the contrary, no longer meets 
                    the credit qualifications in this section, or is suspended 
                    from the approved bidders list in the event and for such 
                    time as such party fails to pay part or the entire amount 
                    of any bill for service.
    
                2.  The capacity release timeline is applicable to all parties 
                    involved in the Capacity Release process; however, it is 
                    only applicable if (1) all information provided by the 
                    parties to the transaction is valid and the acquiring 
                    Shipper has been determined to be creditworthy before the 
                    capacity release bid is tendered; and (2) there are no 
                    special terms or conditions of the release.

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