White River Hub, LLC

Original Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-645-000, Status: Effective

Original Sheet No. 116 Original Sheet No. 116

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(ii) Shipper's imbalances under each RGS agreement will be

netted together for monthly imbalance calculations. Each month on or before

the 9th business day, White River will provide imbalance statements and

information on its website indicating the resulting monthly imbalance incurred

in the prior month.

(iii) Following posting of the monthly imbalance for the

prior month, Shippers will then have five calendar days to remedy any

imbalance. To remedy an imbalance, Shippers will have the ability to trade

imbalances pursuant to Section 12.4 or pay back the imbalance in the 5

calendar days following posting of the monthly imbalance pursuant to Section

12.5.

 

(iv) At the end of the five calendar day payback period for

the prior month imbalance that was posted and after all imbalance trades and

payback have been entered, Shipper will be cashed out, in accordance with §

12.6, for the remaining imbalance.

 

12.4 Imbalance Trading. All imbalance trading must be conducted

through the Customer Activities Web site. If Shipper desires to trade

imbalances on the Customer Activities Web site, Shipper must consent to White

River releasing to others on the Customer Activities Web site Shipper's

monthly imbalance information.

 

(a) Once Shippers have agreed to trade their imbalances, each

Shipper must notify White River by completing an imbalance trading notice on

the Customer Activities Web site. This notice to White River will be deemed

to be the Shipper's direction to White River to make the imbalance trade on

the Shipper's account. If the Shippers' notices coincide, White River will

adjust Shipper's accounts to reflect the imbalance trade.

 

(b) Shippers are responsible for making whatever arrangements

they deem necessary to finalize and document the imbalance trade among

themselves.

 

(c) White River shall not be liable for any losses incurred by a

Shipper if a Shipper is unable to complete an imbalance trade once Shipper has

notified White River of the imbalance trade.

 

(d) Shipper will be able to trade imbalances with other

Shippers that have an imbalance that will reduce each Shipper's imbalance.