Cameron Interstate Pipeline, LLC

Original Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-647-000, Status: Effective

Original Sheet No. 126 Original Sheet No. 126

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

Shipper's Net Imbalance Percentage

 

Prices

 

0 to 2% 100% of Applicable Price

2 to 5% 95% of Applicable Price

5 to 10% 85% of Applicable Price

10 to 15% 75% of Applicable Price

15 to 20% 60% of Applicable Price

20% 50% of Applicable Price

 

The Applicable Price shall be the Low Price as defined

in GT&Cs Section 12.7(d).

 

For purposes of determining the tier at which a

Transportation Imbalance will be cashed out, the price

will apply only to quantities within a tier. For

example, if there is a 6% Transportation Imbalance,

quantities that comprise the first 2% of the

Transportation Imbalance are priced at 100% of the Index

Price, quantities comprising 3% of the Transportation

Imbalance are priced at 95% of the Applicable Price, and

quantities comprising the remaining 1% of the

Transportation Imbalance are priced at 85% of the

Applicable Price.

 

(c)(2) Subject to the provisions of GT&Cs Sections 12.3 and

12.4, if Shipper's Net Monthly Imbalance is less than or

equal to 1,000 Dth, Shipper shall pay Pipeline for

Shipper's Net Monthly Imbalance at the Applicable Price.

 

(c)(3) In the event Shipper owes Pipeline any payments under

subsection (b) above from a previous Month which are

past due, Pipeline shall have the right hereunder to

offset payments it owes to Shipper under this subsection

(c) by such past due amounts (inclusive of interest).