Guardian Pipeline, L.L.C.

Original Volume No. 1

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Effective Date: 12/01/2002, Docket: RP02-534-000, Status: Effective

Original Sheet No. 175 Original Sheet No. 175 : Superseded

 

 

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

19. RESOLUTION OF IMBALANCES (Continued)

 

(c) Transporter shall provide the ability to post

and trade imbalances until at least the close of

the seventeenth (17th) Business Day of the Month.

 

(d) Contract imbalances must be traded with contract

imbalances in the opposite direction and such

trade must move Shipper's imbalance closer to

zero. When trading imbalances, a Quantity must

be specified.

 

(e) Transporter shall enable the imbalance trading

process by:

 

. Receiving the request for imbalance trade;

 

. Receiving the imbalance trade confirmation;

 

. Sending the imbalance trade notification; and

 

. Reflecting the trade prior to or on the next

monthly Shipper imbalance or cashout.

 

(f) Imbalance trades can only be withdrawn by the

initiating Shipper and only prior to the confirming

Shipper's confirmation of the trade. Imbalance

trades are considered final when confirmed by the

confirming Shipper and effectuated by Transporter.

Imbalance trades shall be deemed to be effectuated

when Transporter sends the imbalance trade

notification.

 

(g) After receipt of an imbalance trade confirmation,

Transporter shall send the imbalance trade

notification to the initiating Shipper and the

confirming Shipper no later than noon (Central

Clock Time) on the next Business Day.