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

First Revised Sheet No. 262B First Revised Sheet No. 262B : Effective

Superseding: Original Sheet No. 262B

GENERAL TERMS AND CONDITIONS

(continued)

 

11. BALANCING (continued)

 

Pipeline will provide the ability to post and trade imbalances at any

time during the gas flow Month, and until the seventeenth Business Day

after the end of the Month during which the imbalances occurred. To

facilitate the trading process, Pipeline will, upon receipt of Cash-

out Party's authorization, post a Cash-out Party's imbalance quantity

on its Web site. Authorizations to Post Imbalances that are received

by Pipeline by 11:45 a.m. will be effective by 8:00 a.m. the next

Business Day (CT). An Authorization to Post Imbalances will remain in

effect until cancelled by the Cash-out Party. Imbalances previously

authorized for posting will be posted as they become available, but no

later than the ninth Business Day of the Month; however, Pipeline will

not be required to post zero imbalances. The information posted will

also identify the Cash-out Party, the contract, the Operational Impact

Area and the gas flow Month applicable to the posted imbalance

quantity. For purposes of determining the imbalance quantity that

will be posted, all imbalances within an Operational Impact Area due

Cash-out Party under all of Cash-out Party's contracts and all

imbalances in that Operational Impact Area due Pipeline under all of

Cash-out Party's contracts shall be summed together to yield a single

net imbalance quantity for the Cash-out Party in that Operational

Impact Area for the Month, unless otherwise agreed to pursuant to

Section 11.5 below. Pipeline will provide to all Customers the

ability to view, and upon request, download posted imbalance

information.

 

Pipeline shall enable the imbalance trading process by (i) receiving

the Request for Imbalance Trade, (ii) receiving the Imbalance Trade

Confirmation, (iii) sending the Imbalance Trade Notification to all

affected parties, and (iv) reflecting the trade prior to or on the

next monthly Customer Imbalance or cashout. When trading imbalances,

the quantity to be traded must be specified. After receipt of an

Imbalance Trade Confirmation, Pipeline will send the Imbalance Trade

Notification to the initiating trader and the confirming trader no

later than noon (CT) on the next Business Day. Imbalance trades can

only be withdrawn by the initiating trader and only prior to the

confirming trader's confirmation of the trade. Imbalance trades are

considered final when confirmed by the confirming trader and

effectuated by Pipeline. Pipeline shall update the Cash-out Party's

imbalance data to reflect any final trades of imbalance quantities no

later than 9:00 a.m. CT on the next Business Day after the trade is

finalized.