Rockies Express Pipeline LLC (Entrega)

Second Revised Volume No. 1

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

Original Sheet No. 167 Original Sheet No. 167 : Effective

GENERAL TERMS AND CONDITIONS

13. EVALUATION OF CREDIT (Contd.)

13.1 (Contd.)

B. (Contd.)

2. Nothing herein shall be read to preclude Transporter

from requiring, and enforcing for the term of the

initial contracts, more than three (3) Months of fees

and charges for advance service as security in

agreements supporting an application for a

certificate to construct new or expanded facilities.

For purposes of this paragraph, the term "initial

contract" shall include any replacement contract

entered into upon a permanent release of Capacity

under an initial contract.

C. Where a Shipper selects the prepayment option under Section

13.1B of these General Terms and Conditions, the prepayment

amounts shall be deposited in an interest-bearing escrow

account if such an escrow account has been established by

the Shipper which meets the criteria set out in this

paragraph. The costs of establishing and maintaining the

escrow account shall be borne by the Shipper. The escrow

bank must be rated at least AA or better and shall not be

affiliated with the Shipper. The escrow arrangement shall

provide for the prepayment amounts to be applied against

the Shipper's obligation under its service agreement(s)

with Transporter and shall grant Transporter a security

interest in such amounts as an assurance of future

performance. The escrow agreement shall specify the

permitted investments of escrowed funds so as to protect

principal, and shall include only such investment options

as corporations typically use for short-term deposit of

their funds. Such escrow account shall at all times

maintain the amount of prepayment required under Section

13.1(b) of these General Terms and Conditions. If

Transporter is required to draw down the funds in escrow,

it will notify the Shipper and the Shipper must replenish

such funds within three (3) Business Days after such

notice.