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. 242 Original Sheet No. 242

 

GENERAL TERMS AND CONDITIONS

 

13.3 Cash Out Procedures (continued):

 

(d) Index Price. The Index Price shall be determined each month

using the daily spot gas prices for the area of Transporter's system as

published in Gas Daily. Transporter will determine the simple average of

the Gas Daily Daily Price Survey index prices published for Panhandle, TX-

Oklahoma for each delivery month (with Saturday and Sunday averaged using

the succeeding Business Day's price) ("Index Price") using the quotations

published during the five-week period beginning on the first Tuesday of the

delivery month and ending on the first or second Monday of the following

month, whichever is applicable, to arrive at a five-week period.

 

(e) If the Index Price is no longer published or is materially

modified so that it no longer reflects daily gas market values in the area

of Transporter's system, Transporter will promptly select a replacement

Index Price publication that produces results similar to the previous Index

Price. Transporter will inform Shippers of the revision by posting the

revised Index Price on Transporter's Internet Web Site along with an

explanation of the reason for the change. Transporter will also file the

change with the Commission as required.

 

(f) A prior period adjustment that impacts the Net Monthly Imbalance

amount for a prior period shall be multiplied by the Index Price for the

delivery month when the imbalance occurred. No further imbalance penalty

will be imposed when a prior period adjustment, applied to the current

period, causes or increases a current month Imbalance Penalty.