Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

Effective Date: 09/01/2007, Docket: CP06-354-002, Status: Effective

Original Sheet No. 47 Original Sheet No. 47 : Effective

RATE SCHEDULE PALS

2. APPLICABILITY AND CHARACTER OF SERVICE (Contd.)

2.2 Under this Rate Schedule PALS, Transporter shall only park Gas or

loan Gas to the extent Transporter determines that such actions

are not detrimental to its ability to satisfy any of its existing

obligations with higher priority service or to meet System

operational needs. Transporter may, based on its reasonable

determination of its operational capability and in a non-

discriminatory manner, interrupt or decline to schedule any or

all of the services hereunder and, if such actions are required

to avoid interference with firm service or to protect the

integrity of the System, will do so prior to invoking the

procedures of Section 36, Operational Parameters, of the General

Terms and Conditions of this Tariff and subject to Section 8 of

this Rate Schedule PALS.

2.3 All mutually agreeable Points of receipt and Delivery on

Transporter's System are available on a non-discriminatory basis

for service under this Rate Schedule PALS. Unless an alternative

Point is agreed upon by Transporter and Shipper, the same Point

must be utilized to initiate and to complete a specific park or

loan transaction. If an alternative Point is agreed upon,

Shipper must pay for additional transportation service between

the agreed-upon Receipt and Delivery Points under a separate

Transportation Service Agreement. The specific Point(s) for a

park or loan shall be set forth in the applicable PALS RO.

2.4 Subject to the provisions of Section 2.2 above, Park and Loan

Services available under this Rate Schedule PALS include:

A. Park Service, which shall consist of Transporter's receipt

of a quantity of Gas at the designated Receipt Point(s) on

the designated date(s), requested by Shipper under a PALS

RO and approved by Transporter; Transporter's holding of

such parked quantity of Gas for Shipper's account and

Transporter's redelivery of the parked quantity of Gas to

Shipper at the designated Delivery Point(s) and on the

designated date(s) set forth in such PALS RO;

B. Loan Service, which shall consist of Transporter lending a

specified quantity of Gas, requested by Shipper and approved

by Transporter, from designated Delivery Point(s) set forth

in Shipper's PALS RO and the Shipper's redelivery of and

Transporter's acceptance of such volumes for Shipper's

account at the designated Receipt Point(s) on the designated

date(s) set forth in such PALS RO.