Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 156 Original Sheet No. 156 : Effective

GENERAL TERMS AND CONDITIONS

12. STATEMENTS, BILLING, PAYMENT, RATE DISCOUNT ORDER AND TYPES OF DISCOUNTS

(Contd.)

12.5 ADJUSTMENT OF ERRORS (Contd.)

B. Prior period adjustment time limits shall be six (6) Months

from the date of the initial transportation invoice and

seven (7) Months from date of initial sales invoice with a

three (3) Month rebuttal period, excluding government-

required rate changes. This standard shall not apply in the

case of deliberate omission or misrepresentation or mutual

mistake of fact. Parties' other statutory or contractual

rights shall not otherwise be diminished by this standard.

C. In no event will any changes be made after twenty-four (24)

Months from the date of statements, billings or payment,

based on actualized volumes, unless the parties mutually

agree.

D. Any error discovered as a result of a timely claim shall be

corrected within thirty (30) Days of the determination

thereof. Parties' other statutory or contractual rights

shall not otherwise be diminished by this standard.

12.6 RATE DISCOUNT ORDER AND TYPES OF DISCOUNTS

A. Rate Discount Order

If and when Transporter discounts the rates and charges

applicable for service under any Rate Schedule, the

components of the currently applicable Maximum Rate shall be

discounted in the following order: The first item of the

overall charge discounted will be any surcharge, followed by

the base rate charge. Any surcharges will be attributed in

accordance with the applicable section of the General Terms

and Conditions that provides for the surcharge as

established in individual proceedings.