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

Superseding: Second Revised Sheet No. 262A

GENERAL TERMS AND CONDITIONS

(continued)

 

11. BALANCING (continued)

 

11.3 Imbalance Management Services. The Imbalance Management Services

offered by Pipeline are identified in Section 1 of the GT&C.

Details of each service are included in the applicable Rate Schedule

and Form of Service Agreement contained in this Tariff, or in

Section 11.4 below.

 

11.4 Imbalance Trading. Imbalance Trading is available for any

imbalance that would otherwise be resolved pursuant to Sections

11.5 and 11.6 below. Pipeline shall allow Cash-out Parties to

trade imbalances within the same Operational Impact Area, as

defined in Section 1 of the GT&C, if the two Cash-out Parties'

imbalances are offsetting balances for the Month, such that the

net imbalance for each Cash-out Party after the completion of the

trade would be reduced to a quantity closer to zero. A Cash-out

Party may trade any imbalance with another Cash-out Party,

provided that any trades involving OBA imbalances shall not

result in a transportation path which crosses a Posted Point of

Restriction, as defined in Section 1 of the GT&C; provided

further that to the extent the imbalances were incurred during

the remainder of the Month when no Posted Point of Restriction

was in effect, those imbalances are available for trading. An OBA

Party that trades an imbalance resulting from actual deliveries

by Pipeline in excess of scheduled deliveries (due Pipeline)

shall be assessed a transportation imbalance charge. An OBA

Party that trades an imbalance resulting from actual deliveries

by Pipeline that are less than scheduled deliveries (due OBA

Party) shall be assessed a transportation imbalance credit. The

transportation imbalance charge and transportation imbalance

credit shall be calculated by multiplying the traded quantity by

the actual weighted average Usage Charge owed on all quantities

of Gas delivered during the Month to that OBA Party.