Capacity Release Awards - MountainWest Pipeline

Transaction Award Text AMA

THE CAPACITY RELEASED HEREUNDER IS BEING RELEASED PURSUANT TO AN ASSET MANAGEMENT ARRANGEMENT BETWEEN THE RELEASING SHIPPER AND THE REPLACEMENT SHIPPER. PLEASE NOTE THAT THE CAPACITY RELEASE RATE POSTED IS NOT REFLECTIVE OF THE ACTUAL ASSET MANAGEMENT COMPENSATION ARRANGEMENTS BETWEEN THE RELEASING SHIPPER AND THE REPLACEMENT SHIPPER (COLLECTIVELY, "PARTIES"). THE ACTUAL COMPENSATION PAID OR OTHER CONSIDERATION PROVIDED TO THE RELEASING SHIPPER BY THE REPLACEMENT SHIPPER FOR THIS PREARRANGED CAPACITY RELEASE AND AS PART OF THE ASSET MANAGEMENT ARRANGEMENT CONSTITUTES FINANCIALLY SENSITIVE INFORMATION THAT WILL BE MADE CONFIDENTIALLY AVAILABLE TO AND UPON REQUEST FROM THE FEDERAL ENERGY REGULATORY COMMISSION PURSUANT TO FERC ORDER NO. 712. SUBJECT TO THE TERMS OF THE AMA, REPLACEMENT SHIPPER HAS AGREED TO DELIVER NATURAL GAS TO RELEASING SHIPPER ON EACH DAY OF THE TERM OF THE AMA IN AN AMOUNT UP TO ONE HUNDRED PERCENT (100%) OF THE MAXIMUM DAILY WITHDRAWAL QUANTITY (8,333 DTH/DAY).

Recall/Reput Terms

THE CAPACITY IS BEING RELEASED ON A RECALLABLE BASIS, WITH THE ABILITY TO RECALL BEING BASED UPON (I) REPLACEMENT SHIPPER'S FAILURE TO PERFORM, (II) THE TERMINATION OF THE AMA TRANSACTION, OR (III) THE MUTUAL WRITTEN AGREEMENT OF THE PARTIES.