Quest Pipelines (Kpc)

Second Revised Volume No. 1

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Effective Date: 02/01/2008, Docket: RP08-174-000, Status: Effective

Original Sheet No. 151 Original Sheet No. 151 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

(i) Cash-out procedure: Any imbalance in excess of

the MAIQ remaining after application of the

imbalance resolution procedures set out in

Section 12.17, shall be sold by Shipper to KPC

according to the following schedule:

 

Percentage

Imbalance Level Applicable Mid Continent

in Excess of MAIQ Spot Index

 

0% - 5% 1.0 x Lowest weekly Price

> 5% - 10% .9 x Lowest weekly Price

>10% - 15% .8 x Lowest weekly Price

>15% - 20% .7 x Lowest weekly Price

>20% .6 x Lowest weekly Price

 

The percentage imbalance level shall be calculated by

dividing the imbalance in excess of MAIQ by the actual

Quantity of Gas received during the Month in which the

excess occurred, unless the percentage imbalance level would

be lower if calculated using operating data provided

pursuant to Section 12.9 of these General Terms and

Conditions, in which case the percentage imbalance level

shall be calculated using such operating data.