Transwestern Pipeline Company, LLC
Third Revised Volume No. 1
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Effective Date: 10/23/2006, Docket: RP06-604-000, Status: Effective
First Revised Sheet No. 161 First Revised Sheet No. 161 : Effective
Superseding: Original Sheet No. 161
GENERAL TERMS AND CONDITIONS
27.3 Transporter will post the MIP for each month on its Internet Website within one (1) business
day following the end of the applicable month.
27.4 No penalties shall be applicable to Shipper Imbalances.
27.5 Resolution of Shipper Imbalances:
Imbalances between Shippers and Transporter may be offset by netting and trading.
Imbalance netting and trading activity shall follow the steps outlined below.
A. To the extent the Shipper has multiple points within the same imbalance location at
which imbalances accrue, such monthly imbalances held by a single legal entity shall be
accumulated and netted prior to the posting of imbalances as provided for in (B) below.
B. On or before the ninth (9th) business day of the month, Transporter will post on its
Internet Website each Shipper's volumetric imbalance by imbalance location.
C. A Shipper may negotiate with other Shippers to trade the volumetric imbalances (as
posted in accordance with (B) above) within each imbalance location. This trading will
occur only between Shippers (Transporter will not be involved).
D. All Shippers will have until the close of the 17th business day of the month to
complete imbalance trading.
E. Shippers must notify Transporter prior to the close of the 17th business day via fax or
e-mail of the volumes traded and the trading partners (all Shippers involved in the
trade must notify Transporter of the intent and amount traded).
F. Imbalance netting and trading will be completed at no additional cost to the Shipper.
G. After close of the 17th business day of the month, Transporter will calculate the
Shipper's final volumetric imbalance. Any remaining volumetric imbalances will be
assigned a dollar value by applying the applicable MIP as set forth in Section 27.2
above. Such dollar amounts will be due and payable by the 20th business day of the
month. Interest shall accrue on the dollar value of the Imbalance from such date due
until the date of payment, at the interest rate set forth in 18 CFR 154.501(d)(1), as
may be amended from time to time.
H. Any discrepancies between notifications to Transporter by trading parties will result
in the trade not being confirmed and the imbalances to both Shippers will be subject to
the applicable imbalance valuation and cash-out provisions outlined above.