Empire Pipeline, Inc.

Original Volume No. 1

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Effective Date: 12/10/2008, Docket: CP06-5-010, Status: Effective

Original Sheet No. 135 Original Sheet No. 135

 

GENERAL TERMS AND CONDITIONS

 

 

4. NOMINATIONS, SCHEDULING AND ALLOCATION (Cont'd.)

 

applicable information posted by the tenth Business Day of

the month following the activity month. Shippers desiring

to trade imbalances must present Transporter with a request

for transfer (via E-mail or in writing). A request must be

received by Transporter from all Shippers involved in an

imbalance exchange, either via Transporter's E-mail or

otherwise in writing. No Shipper may accumulate balances

for the purpose of resolving other Shippers' imbalances.

For purposes of determining the applicable quantities

subject to cash-out under Section 4.9 hereof, imbalance

trades that are evidenced by requests received by

Transporter on or before the end of the calendar month

following the activity month shall be recognized in the

calculation of the Cumulative Monthly Imbalance for the

activity month.

 

 

4.9 Cash-Out of Imbalances. If a Shipper that has elected or is

otherwise subject to "cash-out" resolution of imbalances has a

cumulative imbalance as of the end of a month, and such

imbalance has not been eliminated by the shipper by the end of

the following month, that Shipper's entire cumulative imbalance

shall be cashed-out as described in this Section 4.9.

 

(a) Clearing of negative imbalances. Should such imbalance be

negative, the imbalance shall be subject to Negative

Imbalance Cash-Out.

 

The Negative Imbalance Cash-Out Price is a price per Dth

which is applied to the amount of the Shipper's negative

imbalance. Shipper's regular invoice for transportation

services will include the money owed by Shipper under this

Negative Imbalance Cash-Out, which will be subject to all

payment and collection requirements applicable to that bill.

Upon receipt of payment, Transporter will make gas

accounting entries reducing the amount of Shipper's negative

imbalance accordingly.