Cimarron River Pipeline, LLC

Original Volume No. 1

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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective

Original Sheet No. 240 Original Sheet No. 240

 

GENERAL TERMS AND CONDITIONS

 

13.2 Resolution of Monthly Imbalances (continued):

 

(e) After each month, Transporter will calculate the imbalance (in

Dth) between the quantities of gas allocated each Day to Shipper for its

account at the Receipt Point(s) during that month, less Fuel Reimbursement

during that month, and the quantities of gas allocated each Day to Shipper

for its account at the Delivery Point(s) during that month, adjusted for

imbalances resolved under this Section 13.2. Transporter will aggregate the

net imbalances under all of a Shipper's TSAs for the month ("Net Monthly

Imbalance"). Shipper shall eliminate the Net Monthly Imbalance by trading

the imbalance with other Shippers, as provided in Subsection 13.2(f) below,

and by cash out, as provided in Section 13.3.

 

(f) Shipper may trade the Net Monthly Imbalances on a monthly basis

with other Shippers. Imbalances to be posted for trading should be

authorized by the Shipper. Shipper may submit to Transporter at any time a

written Authorization to Post Imbalances. An Authorization to Post

Imbalances received by Transporter by 11:45 a.m. will be effective at 8 a.m.

on the following Business Day (CCT) and will continue in effect until

terminated by the Shipper on written notice to Transporter. Imbalances that

were previously authorized for posting shall be posted by the ninth Business

Day of the month following the delivery month and shall stay posted until the

17th Business Day of that month. Shipper may revoke an Authorization to Post

Imbalances with 30 days prior written notice to Transporter. Shipper will be

able to view on Transporter's Internet Website and, upon request, download

posted imbalances. Transporter is not required to post zero imbalances.

 

(g) Upon receipt of a Request for Imbalance Trade and an Imbalance

Trade Confirmation signed by the trading Shippers, Transporter shall issue

an Imbalance Trade notification and revised imbalance statements to the

trading Shippers. When trading imbalances, the quantity traded must be

stated. Trades shall be reflected prior to or on the Shipper's next monthly

imbalance statement or cashout statement. 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withdrawn by the initiating trader, and only prior to the confirming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 Transporter.

After receipt of an Imbalance Trade Confirmation, Transporter shall send the

Imbalance Trade Notification to the initiating trader and the confirming

trader no later than noon CCT the next Business Day. Transporter shall have

no liability with respect to any imbalance trading by Shippers.