Rockies Express Pipeline LLC (Entrega)
Second Revised Volume No. 1
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Effective Date: 04/05/2010, Docket: RP10-474-000, Status: Effective
Original Sheet No. 96 Original Sheet No. 96
RATE SCHEDULE IBS (continued)
8.3 In the event that Transporter notifies an IBS Shipper under this
Section 8, such notice shall specify the parked IBS Balance to be
removed or the loaned IBS Balance to be returned, and the timeframe
within which the Balance must be effectuated, but the specified
timeframe shall not be less than three (3) Days (in one-third daily
increments) from the date of notification. Transporter may allow
additional time for contract Balancing when operational conditions
permit. Notification shall first be provided by telephone and then
by facsimile, by e-mail or in writing. General notices will be
posted on Transporter's Interactive Website. In instances when
notification is required during times other than normal business
hours, Transporter will provide such notification by telephone. To
the extent Shipper fails to comply with such notice, the IBS
Agreement shall terminate and the provisions of Sections 8.4A and
8.4B shall apply to any remaining IBS Balance.
8.4 A. In the event that Shipper has an IBS park balance at the
termination of the IBS Agreement, the remaining Balance shall be
forfeited to Transporter, free and clear of any adverse claims.
The realized value, net of applicable costs, of such forfeited
Gas is subject to refund in accordance with Section 37 of the
General Terms and Conditions of this Tariff. For each Day
during the period between the end of the contract term and
either the removal by Shipper of the remaining balance or the
forfeiture of Gas to Transporter, Shipper shall pay Transporter
the Park/Loan Balance Rate charges pursuant to this Rate
Schedule IBS, unless such other applicable Park/Loan Balance
Rates are agreed to in the IBS Agreement.
B. Conversely, if the Shipper has not redelivered an IBS loan
balance quantities at the termination date of the IBS Agreement,
then Shipper must purchase the unreturned Balance at 150% of the
highest daily index price for the indice specified below, as
published in "ICE Day Ahead Natural Gas Price Report," under the
"Avg" column, applicable to the period of time and Delivery
Point (where and when) the IBS loan was taken.