Destin Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 05/01/1999, Docket: RP99-266-000, Status: Effective

First Revised Sheet No. 86 First Revised Sheet No. 86 : Effective

Superseding: Original Sheet No. 86

GENERAL TERMS AND CONDITIONS

(Continued)

 

Section 14.1 (continued)

 

(b) Subject to the provisions of subsection (f) below,

if SHIPPER has accrued a Net Monthly Imbalance such that the

total quantities of gas received by COMPANY for SHIPPER's account

during the month are less than the total quantities of gas

delivered by COMPANY for SHIPPER's account during the month

(Negative Imbalance), and such Net Monthly Imbalance is

greater than 5,000 Dth, SHIPPER shall pay COMPANY for SHIPPER's

Net Monthly Imbalance (in Dth) at the following prices

specified for each stated percentage that SHIPPER's

deliveries exceed its receipts.

 

Percentage of

Excess Deliveries Price

 

0 to 5% 100% of High Price

>5 to 10% 115% of High Price

>10 to 15% 125% of High Price

>15 to 20% 140% of High Price

>20% 150% of High Price

 

Subject to the provisions of subsection (f) below, if SHIPPER's Net

Monthly Imbalance is less than or equal to 5,000 Dth, SHIPPER shall

pay Company for SHIPPER's Net Monthly Imbalance at 100% of the

High Price.

 

(c) Subject to the provisions of subsection (f) below,

if SHIPPER has accrued a Net Monthly Imbalance (in Dth) such that

the total quantities of gas received by COMPANY for SHIPPER's

account during the month are greater than the total

quantities of gas delivered by COMPANY for SHIPPER's account

during the month (Positive Imbalance), and such Net Monthly

imbalance is greater than 5,000 Dth, COMPANY shall pay

SHIPPER for its Net Monthly Imbalance at the following prices

specified for each stated percentage that SHIPPER's receipts

exceed its deliveries.