T.W. Phillips Pipeline Corp.

Original Volume No. 1

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Effective Date: 01/01/2010, Docket: RP10-141-000, Status: Effective

Original Sheet No. 53 Original Sheet No. 53

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

For purposes of this section, Shipper’s monthly imbalance shall equal the

differences between Shipper’s actual cumulative receipts during OFO

operating conditions and Shipper’s actual cumulative deliveries during

OFO operating conditions stated as a percent of Shipper’s actual cumula-

tive deliveries during OFO operating condition during the billing month.

 

For purposes of this section, the Daily Index Price shall equal the high

in the range of prices reported each day for Columbia Gas Transmission

Corporation - Appalachia published by Gas Daily. If Gas Daily is no

longer published, an equivalent index or indicator shall be published on

Transporter’s Website and this definition will be revised.

 

13.2.3 Whenever Shipper’s actual cumulative receipts during Billing Month are

less than actual cumulative deliveries, Transporter will recover the cost

of the volumes owed to Transporter by assessing Shipper the replacement

costs associated with the excess gas taken during the Billing Month.

Such costs will be based on the highest daily price reported for Columbia

Gas Transmission Corporation – Appalachia as published by Gas Daily

during the billing month that the imbalance occurred multiplied by Ship-

per’s imbalance volumes.

 

13.3. Contract Termination – Shipper shall coordinate with Transporter to reduce to

zero, within 60 days of contract termination, Shipper’s Net Imbalance.

 

13.3.1. For purposes of this section, Shipper’s Net Imbalance shall equal the net

sum of Shipper’s monthly imbalances remaining at contract termination.

 

13.4. Imbalance Netting and Trading – Transporter will net Shipper’s imbalances on a

monthly basis across all of Shipper’s FT or IT Agreements. Shipper may trade any

imbalances incurred under this section with other shippers on Transporter’s

system, provided the imbalances to be traded are off-setting. Whenever requested

and whenever possible, Transporter will post requests to trade imbalances on

Transporter’s Website. Trades may be completed by notifying Transporter between

8:00 a.m. and 5:00 p.m. Eastern Time on any business day. Trades will be deemed

completed upon notification to Transporter.