Enbridge Offshore Pipelines (Utos) LLC

FIFTH REVISED VOLUME NO. 1

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Effective Date: 08/01/2009, Docket: RP09-815-000, Status: Effective

First Revised Sheet No. 130 First Revised Sheet No. 130

Superseding: Original Sheet No. 130

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

(a) A Shipper's remaining imbalance will be cashed out

based on the percentage of that imbalance compared to

the total deliveries for that Shipper during the

Month. For example, if the Total Deliveries were

1,000 Dth and the remaining underage imbalance was 100

Dth, the total Imbalance Level would be 10%. The

first 5% (50 Dth) would be cashed out at 100% of the

AMIP and the remaining 50 Dth would be cashed out at

110% of the AMIP.

 

(b) The Average Monthly Index Price (AMIP) is the

arithmetic average of the Weekly Index Prices (WIPs).

The WIP for any week is the arithmetic average of the

following two index prices reported in "Gas Price

Report" issued by "Natural Gas Week":

 

(1) Louisiana, Gulf Coast, Onshore, Spot Delivered to

Pipeline; and

 

(2) Louisiana, Gulf Coast, Offshore, Spot Delivered

to Pipeline.

 

In calculating the AMIP, the WIPs will be based on the

prices reported in the issue of "Natural Gas Week"

dated on or after UTOS' nomination deadline for first

of the Month service for that Month, and the

subsequent issues dated prior to UTOS nomination

deadline for the following Month's first of the Month

service.

 

(c) Shippers with remaining imbalances shall pay UTOS or

will be credited with the appropriate cashout amounts.

 

(d) In the event "Natural Gas Week" ceases to publish

entirely or fails to publish the index prices listed

in subsection (b) above, the following procedures

shall apply in determining a Month's AMIP:

 

(1) Should, in any given week, "Natural Gas Week"

fail to publish one of the two index prices used

in determining that week's WIP, the WIP will be

determined using the remaining published index

price.

 

(2) Should, in any given week, "Natural Gas Week"

fail to publish both of the index prices used in

determining that week's WIP, there will be no WIP

for that week used in determining the Month's

AMIP.

 

(e) In the event the foregoing prices are no longer

available or valid UTOS will file to change the Tariff

and may, at its discretion, select a representative

price in the interim period, subject to adjustment.