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.