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.