W T G Hugoton, LP

Original Volume No. 1

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Effective Date: 08/01/2007, Docket: CP06- 90-002, Status: Effective

Original Sheet No. 249 Original Sheet No. 249 : Effective

 

GENERAL TERMS AND CONDITIONS

 

28.6 Resolution of Imbalances

 

Each month, subject to mutual agreement by WTG Hugoton and Shipper on a

not unduly discriminatory basis, WTG Hugoton and Shipper shall eliminate any

Imbalance by using any combination of the two (2) resolution mechanisms set

forth below. Imbalances will be posted on the 9th Business Day of the month.

Shippers will have until the 12th Business Day of the month to access WTG

Hugoton's website to elect which imbalance resolution mechanism(s) they will

use and the volumes associated with each mechanism. Any volumes not

designated to be resolved using trading (for which final notification is due

to WTG Hugoton by the close of the 17th business day) will automatically be

cashed out. Any residual imbalance volume remaining after trading will also

be automatically cashed-out as further explained herein.

 

(a) Monthly Imbalance Trading. Each month, Shipper will have the

opportunity to post and trade monthly imbalances with other eligible Shippers

until the close of the 17th business day of the month. All imbalance trading

activity shall be in accordance with Section 28.8 below.

 

(b) Monthly Cash-out/in. Each month, WTG Hugoton will either invoice

the Shipper pursuant to Section 9 of these General Terms and Conditions or

credit the Shipper the Dollar Valuation amount of the Shipper's monthly

imbalance, determined in accordance with Section 28.5 above.

 

28.7 Imbalance Statements.

 

The imbalance statement shall be rendered prior to or with the monthly

initial invoice. Rendered is defined as postmarked, time-stamped, or

delivered to the designated site. Upon termination of the Service Agreement,

any imbalances shall be cashed out/in within thirty (30) days from the date of

termination.