Kinder Morgan Illinois Pipeline LLC

Original Volume No. 1

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Effective Date: 12/01/2007, Docket: RP08- 34-000, Status: Effective

Original Sheet No. 148 Original Sheet No. 148 : Effective

 

 

GENERAL TERMS AND CONDITIONS

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

 

(1) Receiving the Request for Imbalance Trade,

 

(2) Receiving the Imbalance Trade Confirmation,

 

(3) Sending the Imbalance Trade Notification, and

 

(4) Reflecting the trade prior to or on the next

Monthly Shipper Imbalance or cashout.

 

(d) Imbalance trades can only be withdrawn by the

initiating trader and only prior to the confirming trader's

confirmation of the trade. Imbalance trades are considered final

when confirmed by the confirming trader and effectuated by KMIP.

 

(e) After receipt of an Imbalance Trade Confirmation,

KMIP shall send the Imbalance Trade Notification to the initiating

trader and the confirming trader no later than noon (Central Clock

Time) the next Business Day.

 

(f) Shipper imbalances remaining after the imbalance

netting and trading procedures set out in subsections (a)-(e) shall

be cashed out as described in Section 10.3 of these General Terms

and Conditions.

 

10.3 CASHOUT PROCEDURES

 

(a) Any imbalance remaining will be cashed out on a

tiered basis pursuant to the following schedule:

 

OVERAGE UNDERAGE

KMIP pays Shipper

IMBALANCE LEVEL Shipper) pays KMIP)

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

 

0% to 5% 100% x AMIP 100% x AMIP

 

Greater than 5% to 10% 90% x AMIP 110% x AMIP

 

Greater than 10% to 15% 80% x AMIP 120% x AMIP

 

Greater than 15% to 20% 70% x AMIP 130% x AMIP

 

Greater than 20% 60% x AMIP 140% x AMIP