Chandeleur Pipe Line Company

Second Revised Volume No. 1

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

Second Revised Sheet No. 52B Second Revised Sheet No. 52B

Superseding: First Revised Sheet No. 52B

GENERAL TERMS

AND CONDITIONS

(e) Annual Billing Period and Annual True-Up Filing

During each Annual Billing Period, as hereinafter

defined (Annual Billing Period), Chandeleur shall

calculate the difference(s), if any, between the

revenues it collects and the costs it incurs under

this Section 8.4 during such Annual Billing Period.

For these purposes, Annual Billing Period is defined

as the one year period beginning on April 1 of each

calendar year and ending on March 31 of the next

succeeding calendar year, except for the first Annual

Billing Period which shall be defined as the period

beginning on the effective date of this Section 8.4

and ending on March 31 of the next succeeding calendar

year. To the extent the difference between the

revenues Chandeleur collects pursuant to this Section

8 and the costs it incurs pursuant to this Section 8

is less than One Hundred Thousand Dollars ($100,000),

Chandeleur shall carry forward the difference to the

next Annual Billing Period. To the extent the

difference between the revenues Chandeleur collects

pursuant to this Section 8 and the costs it incurs

pursuant to this Section 8 is greater than One Hundred

Thousand Dollars ($100,000), Chandeleur shall file

(Annual True-Up Filing), within thirty (30) Days of

the end of said Annual Billing Period, to establish a

volumetric positive (if revenues exceed costs) or

negative (if costs exceed revenues) surcharge

applicable to both its FT-1 and IT-1 Rate Schedules to

true-up said difference(s) over the next Annual

Billing Period. Such surcharge shall be calculated

based on the projected FT-1 and IT-1 quantities for

the next Annual Billing Period. Notwithstanding any

other provision of this FERC Gas Tariff, Chandeleur

shall retain all revenues received from any Shipper

pursuant to this Section 8.4 if that Shipper had been

granted a rate less than the applicable maximum tariff

rate during any Month of the Annual Billing Period to

which this Section 8.4(e) applies.