The sulfenic acid form of glyceraldehyde-3-phosphate dehydrogenase (EC 1.2.1.12), which is an acyl phosphatase, will catalyze an acetyl phosphate-Pi exchange reaction. This exchange reaction is reversibly inhibited by the uncouplers of oxidative phosphorylation, 2,4-dinitrophenol, m-Cl carbonylcyanide-phenylhydrazone, pentachlorophenol, and 5-chloro-3-tert-butyl-2'-chloro-4'-nitrosalicylanalide, and is irreversibly inhibited by cyanide and dicumarol. An ATP-Pi exchange reaction similar to that catalyzed by mitochondria can be simulated by a system composed of oxidized glyceraldehyde-3-phosphate dehydrogenase, phosphoglycerate kinase (EC 2.7 The specific oxidation of the sulfhydryl group at the active site of glyceraldehyde-3-phosphate dehydrogenase (EC 1.2.1.12) (GPD) to a sulfenic acid converts the enzyme ta an acyl phosphatase (1-3). The following reaction scheme has been postulated to account for the hydrolytic reaction catalyzed by the sulfenic-acid form of the enzyme (3):The reaction scleme suggests that the conjugate base of the sulfenic acid reacts with the carbonyl carbon of the acyl phosphate substrate to form an enzyme-sulfenyl carboxylate intermediate with the displacement of inorganic phosphate.In the second step of the reaction scheme, the sulfenyl carboxylate reacts with water to release the carboxylate anion and the regenerated sulfenic acid form of the enzyme. The reaction scheme is consistent with C-O bond cleavage, which Abbreviations: DNP, 2,4-dinitrophenol; mCl-CCPhe, m-Cl carbonylcyanide-phenylhydrazone; 8-13, 5-chloro-3-tert-butyl-2'-chloro-4'..nitrosalicylanalide: GPD, glyceraldehyde-3-phosphate dehydrogenase.