GENERAL TERMS AND CONDITIONS
4.2     Intraday Release Quantity.  The daily contractual entitlement that can
be released by a Releasing Customer for an intraday release is limited to the
lesser of:
(a)     the quantity contained in the offer submitted by the Releasing
Customer; or
(b)     a quantity equal to 1/24th of the Releasing Customers MDIQ and MDWQ
for the contract to be released multiplied by the number of hours between the
effective time of the release and the end of the Day.
This allocated daily contractual entitlement shall be used for purposes of
nominations, billing, and if applicable, for overrun calculations.
The MSQ that can be released by a Releasing Customer for an intraday release is
limited to a quantity not in excess of the Releasing Customers MSQ less the
Releasing Customers Storage Inventory.
4.3  Posting and Bidding Timeline.  For the Capacity Release business process
timing model, only the following methodologies shall be supported by Liberty
and provided to Releasing Customers as choices from which they may select and,
once chosen, shall be used in determining the awards from the bid(s) submitted.
They are:  1) highest rate, 2) net revenue and 3) present value.  Other choices
of bid evaluation methodology (including other Releasing Customer defined
evaluation methodologies) can be accorded similar timeline evaluation treatment
at Libertys discretion; however, Liberty is not required to offer other
choices or similar timeline treatment for other choices.  Further, Liberty
shall not be held to the timeline specified in Sections 4.3(a) and 4.3(b) below
should the Releasing Customer elect another method of evaluation.  Should the
Releasing Customer elect another method of evaluation, the timeline specified
in Section 4.3(c) below shall apply.  The proposed duration of Customers
release determines the minimum bid period for the Customers offer pursuant to
this Section 4.  The Capacity Release timeline is applicable to all parties
involved in the Capacity Release process; however, it is only applicable if (i)
all information provided by the parties to the transaction is valid and the
Replacement Customer has been determined to be creditworthy before the capacity
release bid is tendered and (ii) there are no special terms or conditions of
the release.
The Capacity Release timeline is as follows:
(a)     For standard releases of less than one (1) year:
-     Offers shall be tendered by 12:00 p.m. CCT on a Business Day;
-     The bid period shall end at 1:00 p.m. CCT on the same Business Day or at
1:00 p.m. CCT on any subsequent Business Day as specified in Releasing
Customers offer, whichever is elected by Releasing Customer;
-     Evaluation period begins at 1:00 p.m. CCT on the Day the bid period ends,
during which contingency is eliminated, determination of best bid is made, and
ties are broken;
-     Evaluation period ends and award is posted if no match is required at
2:00 p.m. CCT
the same Day;
-     If the Prearranged Customers bid is not the  best bid , Liberty shall
allow such Prearranged Customer a Matching Period of thirty (30) minutes from
2:00 p.m. until 2:30 p.m. CCT on the Day the Bid Period ends, or such later
time as specified in the Releasing Customers offer, to determine whether to
match the  best bid  and to notify Liberty of its decision.
-     If a match is required, the award will be posted by 3:00 p.m. CCT.
Liberty will issue a contract within one hour of the 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 8 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 Customers offer.