North Baja Pipeline, LLC

Original Volume No. 1

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Effective Date: 08/12/2002, Docket: RP02-363-002, Status: Effective

First Revised Sheet No. 156 First Revised Sheet No. 156 : Effective

Superseding: Original Sheet No. 156

GENERAL TERMS AND CONDITIONS OF SERVICE

(Continued)

16. BALANCING (Continued)

16.1 (Continued)

(f) Imbalance Trading:

(i) A shipper, or its agent, may trade imbalances with

other Shippers, their agents or other third-party

firms that may conduct imbalance trading for Shippers.

(ii) Any trading of imbalances must result in each

Shipper's imbalance decreasing.

(iii) NBP shall process all imbalance trades at no

additional administrative charge.

(iv) Third party imbalance management services will be

accommodated on a nondiscriminatory basis as long as

these services comply with applicable NAESB standards

and do not adversely impact the pipeline's system

operations. Third party services will be required to

comply with the NAESB Nominations and Confirmation

Time Limits and meet transporter credit requirements

appropriate for the quantity of shipper imbalance gas

for which such third party may be responsible.

(g) Posting Imbalance Trades:

(i) NBP shall provide free of charge an "Imbalance

Trading" location on its Internet website to allow

posting of imbalances to facilitate trading.

(ii) NBP shall post a Shipper's imbalance if the Shipper

provides written authorization to NBP authorizing it

to post such imbalance information on the "Imbalance

Trading" section of its Internet website.