Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 09/01/2002, Docket: RP00-322-001, Status: Effective

Fifth Revised Sheet No. 89 Fifth Revised Sheet No. 89 : Effective

Superseding: Fourth Revised Sheet No. 89

GENERAL TERMS AND CONDITIONS

 

 

13.2 Resolution of Monthly Imbalances (cont'd)

 

(d) If Shipper's Net remaining Monthly Imbalance

is positive after the expiration of the Trading

Period, Shipper shall pay Transporter the Index

Price for Shipper's remaining Net Monthly

Imbalance.

(e) If Shipper's remaining Net Monthly Imbalance is negative

after the expiration of the Trading Period, Transporter shall pay

Shipper the Index Price for its remaining Net Monthly Imbalance.

(f) The Index Price for each specific month shall be

equal to the average spot prices published in

Natural Gas Intelligence Gas Price Index for

"South Louisiana Region, Tennessee Line 500"

during the month in which Shipper's Net Monthly

Imbalance was incurred.