GENERAL TERMS AND CONDITIONS
                          (Continued)
   
               (1)  Capacity for which multiple bids are received
     shall be awarded based upon the highest economic value
     unless stipulated otherwise by the Releasing Customer.  The
     economic value shall be determined on the basis of the
     product of the term of service in years in the request,
     using a term not to exceed 20 years; or Months in the case
     of releases for a term less than one year, and the
     reservation charges for each year, or Month, in the life of
     the Agreement agreed to in the request by the potential
     Replacement Customer, discounted to present value by the
     then-current interest rate determined in accordance with
     Section 154.501(d)(1) of the Commissions Regulations.  The
     sum of the present value for each year, or Months, in the
     life of the Agreement shall be the economic value of the
     Agreement.
   
               (2)  The highest ranking bidder will receive the
     entire maximum amount of capacity bid by Customer. If two or
     more bids, with equal economic value, are received, the
     capacity shall be awarded according to the criteria
     specified by the Releasing Customer.  If no method for
     awarding bids of equal economic value is specified, the