Chandeleur Pipe Line Company

Second Revised Volume No. 1

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Effective Date: 08/01/2010, Docket: RP10-915-000, Status: Effective

Fourth Revised Sheet No. 51 Fourth Revised Sheet No. 51

Superseding: Third Revised Sheet No. 51

GENERAL TERMS

AND CONDITIONS

(b) Imbalance Trading and Netting

Following the issuance of the Monthly Imbalance Statement as

per Section 8.4(a) hereinabove, a Shipper may trade its Net

Positive or Net Negative Monthly Imbalances with other

Shippers on Chandeleur's system. Chandeleur shall provide

the ability for all Shippers with such net imbalances to

view, post, download, and trade such net imbalances until at

least the close of the seventeenth (17th) Business Day of

each Month. Requests to view, post, download, and trade

such net imbalances that are received by Chandeleur by 11:45

a.m. Central Clock Time on any Business Day will be posted

and made available for viewing, downloading and trading at

8:00 a.m. Central Clock Time the next Business Day.

Chandeleur shall implement such imbalance trades by (1)

receiving an Imbalance Trade Request, (2) receiving an

Imbalance Trade Confirmation, (3) sending an Imbalance Trade

Notification, and (4) posting the trade prior to or on the

next Monthly Imbalance Statement.

Imbalance trades may only be withdrawn by the initiating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 finalized

by Chandeleur. After receipt of an Imbalance Trade

Confirmation, Chandeleur will send the Imbalance Trade

Notification to the initiating trader no later than noon

Central Clock Time the next Business Day.

Chandeleur will finalize a trade of imbalances only if and

when each party to the trade timely notifies Chandeleur of

(i) the trade, (ii) the identity of the Shipper(s) with whom

the trade was made, (iii) the relevant Chandeleur Service

Agreement numbers for each Shipper involved in the trade,

and (iv) the volumes traded, and Chandeleur is able to

verify that the afore-mentioned provided information is

correct and a match.