Intraday 2 Cycle:

Posting of prearranged deals not subject to bid are due by 4:00 p.m. C.C.T.

Prior to the nomination deadline for the chosen cycle for the begin date specified

in the Customer notice, the Prearranged Customer must initiate confirmation of

prearranged deals electronically. Caledonia will issue a contract within one hour

of award posting (with a new contract number, when applicable). Nominations for

Gas flow are possible beginning at the next available nomination cycle for the

effective date of the contract. Such nominations will be processed in accordance

with the nomination and scheduling requirements of Section 5 of the General Terms

and Conditions; however, in no circumstance will Gas flow prior to the effective

date of the release as specified in Releasing Customer’s offer. If a release of

capacity is exempt from bidding because it is for a term of thirty-one (31) days

or less, a Customer may not roll-over, extend, or in any way continue the release

to the same Customer using the thirty-one (31) day or less bidding exemption,

unless the Customer complies with the posting and bidding requirements of Section

9.3 or not less than twenty-eight (28) days have elapsed since the conclusion of

the prior release period.

Caledonia shall post offers and bids, including pre-arranged deals, upon receipt,

unless Releasing Customer requests otherwise. If Releasing Customer requests a

posting time, Caledonia shall support such request insofar as it comports with the

standard timeline. A Releasing Customer cannot specify an extension of the

original bid period or the pre-arranged deal match period, without posting a new

release.

9.4 Pre-arranged Releases. Customer may designate an entity

(pre-arranged designated Replacement Customer) to which it has agreed to release

the capacity upon specified terms and conditions. Customer’s offer to release

under such a pre-arranged transaction shall be subject to the posting and bidding

procedures described in Sections 9.5 and 9.6, herein, with the pre-arranged

designated Replacement Customer being given a right to match the best bid submitted

during the bid period; provided, however, if a pre-arranged transaction with a

designated Replacement Customer is for a period of 31 days or less, the Releasing

Customer shall provide notice to Caledonia in accordance with this section and may

implement the release without complying with such prior posting and bidding

procedures. Notice of such exempted releases shall be posted on the Internet Web

site in accordance with Section 9.3 herein.

9.5 Posting. Following receipt of a notice of offer to release

capacity which satisfies the requirements set forth in this section, Caledonia

will post such information on its Internet Web site in accordance with the

timeline set forth in Section 9.3 herein.

9.6 Bidding and Selection of Replacement Customer. All bids must

contain the applicable information required in this section. If Releasing

Customer desires to solicit bids for releases of 31 days or less, to an asset

manager (as defined by FERC regulations at 18 C.F.R. § 284.8(h)(3)) or to a

marketer participating in a state-regulated retail access program (as defined by

FERC regulations at 18 C.F.R. § 284.8(h)(4)), it may direct Caledonia to post

notice of the availability of such