Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

Effective Date: 08/01/2009, Docket: RP08-436-004, Status: Effective

Third Revised Sheet No. 134 Third Revised Sheet No. 134

Superseding: Second Revised Sheet No. 134

GENERAL TERMS AND CONDITIONS

negative imbalance after offsetting with other

Shippers 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.

Index" and all the "Price Indices") reported in 'Spot

Gas Prices Delivered to Pipelines' issued by "Natural

Gas Intelligence" (NGI) will be used in calculating

the cash out prices applicable for the Month:

(1) ANR, LA.; and

(2) Tennessee, LA., 800 Leg.

(d) For each Price Index listed in subsection (c) above,

the Monthly Index Price (MIP) is the arithmetic

average of the Weekly Index Prices (WIP) as published

during the Month for that Price Index. The Average

Monthly Index Price ("AMIP") is the arithmetic average

of all of the MIPs for the Month among the Price

Indices.

(e) In calculating the AMIP, the WIPs will be based on

the prices reported in the issue of NGI dated on or

after Stingray's nomination deadline for first of

the Month service for that Month, and the

subsequent issues dated prior to Stingray's

nomination deadline for the following Month's first

of the Month service.

(f) All monthly billings will reflect cash-outs of

imbalances remaining at the end of the prior

Month. Following the Trading Period for

offsetting or trading imbalances, Shipper may

offset the billed amount related to the traded or

offset imbalances against the total billed amount

for the Month or, if an amount is owed Shipper,

Stingray may credit the amount owed on the

billings for the next Month.