Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 146 Original Sheet No. 146 : Effective

GENERAL TERMS AND CONDITIONS

11. IMBALANCES, PURCHASE AND SALE OF GAS AND ACQUISITION OF OFF-SYSTEM

CAPACITY

11.2 MONTHLY IMBALANCES, NETTING AND OFFSETTING

At the end of each calendar Month, to the extent the net receipts

(with the appropriate deductions for FL&U) do not equal the

deliveries under an Agreement on a Dth basis, the following

netting and offsetting procedures will apply:

A. Imbalances under a Shipper's Service Agreements of the same

class (e.g., FTS or ITS) will be netted together within an

Operational Impact Area to obtain the Shipper's Total

Monthly Imbalance by Operational Impact Area. The Total

Monthly Imbalance by Operational Impact Area will be shown

with the Monthly billings sent to Shippers.

B. To assist Shippers in arranging offsets, Transporter will

post on its Interactive Website the Total Monthly Imbalance

by Operational Impact Area of any Shipper which has notified

Transporter that it has elected to have such information

posted. Notification by the Shipper must be made via

Transporter's Interactive Website or via EDI and shall be

effective by 8:00 a.m. on the next Business Day (Central

Clock Time) if the notification is received by 11:45 a.m. on

a Business Day. Imbalance information authorized for

posting through such notification shall be posted no later

than the ninth Business Day of the Month after the Imbalance

occurred. Shippers shall have the ability to post and trade

Imbalances, and Imbalance information shall remain posted,

until the seventeenth Business Day of the Month after the

Imbalance occurred.