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. 148 Original Sheet No. 148 : Effective

 

GENERAL TERMS AND CONDITIONS

 

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

CAPACITY (Contd.)

11.2 MONTHLY IMBALANCES, NETTING AND OFFSETTING (Contd.)

 

F. Shipper Imbalances by Operational Impact Area remaining

after the Imbalance netting and trading procedures set out

in Subsections A through E above shall be cashed out as

described in Section 11.3 of these General Terms and

Conditions.

 

G. Nothing contained in this Section shall require Transporter

to allow netting or trading of Imbalances which may result

in a negative financial impact to Transporter. Shipper

shall be responsible for all applicable transportation or

other charges related to netting or trading Imbalances

across zones, or charges related to movement of Gas, via

netting or trading, outside the paths covered by Shipper's

service agreement(s).

 

11.3 CASHOUT PROCEDURES

 

A. Any Imbalance remaining will be cashed out on a tiered basis

pursuant to the following schedule, unless other means of

disposition are mutually agreed between Transporter and

Shipper:

 

OVERAGE UNDERAGE

(Transporter (Shipper

pays pays

IMBALANCE LEVEL Shipper) Transporter)

----------------------- ------------ ------------

 

0% to 5% 100% x MIP 100% x MIP

Greater than 5% 95% x MIP 105% x MIP