Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 10/01/2003, Docket: RP03-592-000, Status: Effective

Second Revised Sheet No. 85 Second Revised Sheet No. 85 : Effective

Superseding: First Revised Sheet No. 85

GENERAL TERMS AND CONDITIONS

(Continued)

 

14. RESOLUTION OF IMBALANCES AND ADJUSTMENT

 

14.1 Resolution of Monthly Imbalances:

 

(a) All imbalances accrued by SHIPPER under its

transportation and Pooling Agreements shall be

resolved on a monthly basis pursuant to the

provisions herein. After each month of

transportation on COMPANY's system, COMPANY will

calculate the imbalance which exists between the

quantities of gas allocated each day to SHIPPER

for its account at the Receipt Points during that

month and the quantities of gas allocated each day

to SHIPPER for its account at the Delivery Points

during that month. All such imbalances

(overdeliveries and underdeliveries to COMPANY)

accrued by SHIPPER under each of its

transportation or Pooling Agreements (or any such

agreements under which SHIPPER has been appointed

imbalance aggregation agent with the authority to

make and receive payments under this section) will

be combined to derive a Net Monthly Imbalance (in

Dth) for purposes of the following calculations.

SHIPPER's Net Monthly Imbalance then will be

divided by the sum of the lesser of (i) the

actual Dths of gas received or (ii) the actual

Dths of gas delivered under all such agreements

during the month to produce SHIPPER's Net

Imbalance Percentage for the month.