Maritimes & Northeast Pipeline, L.L.C.

First Revised Volume No. 1

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Effective Date: 01/07/2008, Docket: RP08-113-000, Status: Effective

Third Revised Sheet No. 262 Third Revised Sheet No. 262 : Effective

Superseding: Second Revised Sheet No. 262

GENERAL TERMS AND CONDITIONS

(continued)

 

11. BALANCING (continued)

 

(b) Imbalance Level. The imbalance level shall be the

absolute value of the lesser of the operational

monthly contract imbalance or the actual monthly

contract imbalance, after minimizing the imbalance in

accordance with the Imbalance Netting provisions

contained in Section 11.5 herein, divided by scheduled

monthly receipts. Operating data and actual data will

be accessible via the LINK® System or other mutually

agreeable form of communication.

 

11.2 Resolution of Imbalances. During the Month, Cash-out Party may

use any or all of the Imbalance Management Services, as defined

in Section 1 of the GT&C, to reduce or eliminate the cash-out

liability for imbalances. In addition, Cash-out Party may

trade an imbalance with another Cash-out Party, in accordance

with Section 11.4 below, until the close of the seventeenth

Business Day after the end of the Month during which the

imbalance occurred. Any imbalance(s) not resolved via any of

the Imbalance Management Services will be resolved pursuant to

Sections 11.5 and 11.6 herein.