Cheyenne Plains Gas Pipeline Company, L.L.C.

Original Volume No. 1

Effective Date: 10/01/2008, Docket: RP08-502-000, Status: Effective

First Revised Sheet No. 348 First Revised Sheet No. 348

Superseding: Substitute Original Sheet No. 348

GENERAL TERMS AND CONDITIONS

(Continued)

31. DISCOUNTING (Continued)

In addition, the discount agreement may include a provision that if one

rate component which was at or below the applicable maximum rate at the

time the discount agreement was executed subsequently exceeds the

applicable maximum rate or is less than the applicable minimum rate due to

a change in Transporter's maximum (minimum) rates so that such rate

component must be adjusted downward (upward) to equal the new applicable

maximum (minimum) rate, then other rate components may be adjusted upward

(downward) to achieve the agreed overall rate, so long as none of the

resulting rate components exceed the maximum rate or are less than the

minimum rate applicable to that rate component. Such changes to rate

components shall be applied prospectively, commencing with the date a

Commission order accepts revised tariff sheets. Nothing contained herein

shall be construed to alter a refund obligation under applicable law for

any period during which rates which had been charged under a discount

agreement exceeded rates which ultimately are found to be just and

reasonable.

32. FEDERAL ENERGY REGULATORY COMMISSION ANNUAL CHARGE ADJUSTMENT PROVISION

32.1 The purpose of this Section is to establish an Annual Charge

Adjustment (ACA) provision under which Transporter can

recover annual charges assessed to it by the Commission

pursuant to Part 382 of the Commission's Regulations.

32.2 All amounts assessed shall be recorded in Account No. 928.

Transporter will not seek to recover the ACA assessed to it

pursuant to Part 382 of the Commission's Regulations in an

NGA Section 4 rate case.

32.3 Filing Procedure. The initial ACA or any subsequent changes in

such assessment charge shall be filed by Transporter at least

30 days prior to the proposed effective Date unless, for good

cause shown, lesser periods are allowed by Commission Order.

The proposed effective date of filings shall be October 1 of

each calendar year.