Texas Eastern Transmission Corporation

Sixth Revised Volume No. 1

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Effective Date: 02/12/1996, Docket: RP96-142-000, Status: Effective

First Revised Sheet No. 529 First Revised Sheet No. 529 : Effective

Superseding: Original Sheet No. 529

GENERAL TERMS AND CONDITIONS

(Continued)

 

imbalance remaining at the end of the extended period will

be subject to the Cash-out provisions of this Section 8.

 

(F) Disposition of Cash-out Quantities:

 

Pipeline, at its discretion, may dispose of the net excess

quantities purchased under this Section 8.1 in accordance

with the procedures contained in Section 8.3 of the General

Terms and Conditions.

 

(G) Disposition of Cash-out Proceeds:

 

Pipeline, at its discretion, may use proceeds received from

Cash-out of imbalances due Pipeline pursuant to Section

8.1(B) to purchase at any time and from time to time

quantities of gas.

 

(H) Disposition of Net Cash-out Proceeds:

 

Pipeline shall credit to the Applicable Shrinkage Deferred

Account as provided in Section 15.6(D)(3) herein, the net

proceeds from the operation of the imbalance resolution

procedures contained in this Section 8. Such net proceeds

shall be credited on a monthly basis.

 

(I) Existing Imbalances:

 

Imbalances existing prior to the effective date of this

provision shall be corrected pursuant to procedures in

effect at the time the imbalance was incurred, unless the

parties agree to a cash settlement as herein provided.