Kinder Morgan Louisiana Pipeline LLC
Original Volume No. 1
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Effective Date: 03/01/2009, Docket: RP09-257-000, Status: Effective
Original Sheet No. 157 Original Sheet No. 157
GENERAL TERMS AND CONDITIONS
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10.6 BUYING/SELLING GAS
In lieu of scheduling Payback Volumes, a Shipper may elect
to buy or sell Gas in order to offset any imbalance.
(a) If the imbalance represents more volumes of Gas
delivered at Delivery Point(s) than tendered to KMLP at Receipt
Point(s), then Shipper shall buy Gas to be tendered physically to
KMLP at a mutually agreed point on KMLP's System for replenishment
of line pack.
(b) If the imbalance represents more volume received by
KMLP at Receipt Point(s) than taken by Shipper at Delivery Point(s),
then Shipper shall sell Gas to be physically taken off of KMLP's
System at mutually agreed point(s) on KMLP's System to reduce line
pack.
(c) Shipper may utilize the provisions of this Section
10.6 to rectify an imbalance at any time upon notice to KMLP and
agreement on point(s) of sale or purchase, whether or not Shipper is
subject to an obligation under Section 10.4 to schedule Payback
Volumes.
10.7 CASHOUT
This cashout provision shall apply if a Shipper has an
imbalance under an Agreement which has expired, if Shipper fails to
schedule Payback Volumes when required under Section 10.5 hereof, or
at Shipper's election to reduce or eliminate imbalances in any other
situation. Under these circumstances, KMLP may cashout any
imbalance of the Shipper by buying or selling gas. Subject to
Section 10.9 below, the cashout price shall be the price actually
paid by KMLP or received by KMLP. On the next Monthly invoice, KMLP
shall reflect the cashout as either an additional charge or a
credit, as applicable.
10.8 DETERMINING IMBALANCES OR CASHOUT
In determining imbalances and cashout, KMLP will utilize
the operational data posted on its Interactive Website. Adjustments
to actuals for a prior period will, if applicable, result in a
current imbalance.