Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

First Revised Sheet No. 103A First Revised Sheet No. 103A

Superseding: Original Revised Sheet No. 103A

GENERAL TERMS AND CONDITIONS

1.25 NEGOTIATED RATE

The term "Negotiated Rate" shall mean a rate provision under

which Stingray and Shipper have agreed on the amount to be

charged for the service under Rate Schedule FTS, FTS-2 or

ITS which results in a rate where, for all or a portion of

the contract term, one or more of the individual components

of such rate exceeds or may exceed the applicable maximum

rate or is less than or may be less than the applicable

minimum rate. Any Agreement entered into after the

effective date of this subsection which provides for a rate

under Rate Schedule FTS, FTS-2 or ITS other than the

applicable maximum rate shall contain a provision setting

out the mutual agreement of the parties as to whether the

pricing terms represent a discounted rate or a Negotiated

Rate.

1.26 NEGOTIATED RATE FORMULA

The term "Negotiated Rate Formula" shall mean a rate formula

provision under which Stingray and Shipper have agreed will

be applied to service under Rate Schedule FTS, FTS-2 or ITS

which results in a rate where, for all or a portion of the

contract term, one or more of the individual components of

such rate exceeds or may exceed the applicable maximum rate

or is less than or may be less than the applicable minimum

rate. Any Agreement entered into after the effective date

of this subsection which provides for a rate under Rate

Schedule FTS, FTS-2 or ITS other than the applicable maximum

rate shall contain a provision setting out the mutual

agreement of the parties as to whether the pricing terms

represent a discounted rate or a rate pursuant to a

Negotiated Rate Formula.

1.27 NOMINATION

"Nomination" shall mean the written requests for

transportation submitted pursuant to Section 6.

1.28 OPERATIONAL BALANCING AGREEMENT ("OBA")

An OBA is a contract between two parties which specifies the

procedures to manage operating variances at an interconnect.