Cheyenne Plains Gas Pipeline Company, L.L.C.

Original Volume No. 1

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Effective Date: 07/26/2010, Docket: RP10-876-000, Status: Effective

First Revised Sheet No. 281A First Revised Sheet No. 281A

Superseding: Original Sheet No. 281A






10.4 Cash Out. All remaining imbalances shall be subject to the following

Cash Out provisions.


(a) Determination of Cash Out Quantities. The term "cash out"

shall refer to the valuation of an imbalance at a market-

related price pursuant to the requirements of this section.

Application of the cash out process will result in a monetary

value due to the Shipper or Transporter which upon payment,

will result in reduction of the imbalance to zero.


(i) Transporter shall determine the imbalance quantity

applicable to each TSA through the last Day of the



(ii) Shippers shall have the opportunity to reduce the end-

of-Month imbalances pursuant to the imbalance trading

procedures above. Such reductions, if any, shall

determine a final end-of-Month imbalance for each TSA.


(iii) Except as provided in Sections 10.2(g) and 10.2(h),

Transporter and Shipper shall Cash Out the full

imbalance by applying the Cash Out Index Price to the

final end-of-Month imbalance if such imbalance exceeds

the Monthly threshold quantity. If the end-of-Month

imbalance does not exceed the Monthly threshold, such

imbalance will be forwarded to the next Month's

imbalance calculation, unless the Shipper elects to cash

out the imbalance.


(iv) The Monthly threshold applicable to a Rate Schedule FT

TSA will be calculated by multiplying the MDQ by the

number of Days in the applicable Month and 3%. The

Monthly threshold applicable to a Rate Schedule IT TSA

will be calculated by multiplying the monthly scheduled

quantity by 3%.


(b) Determination of Cash Out Liabilities.


(i) Shipper shall not be subject to cash out if the

imbalance occurs at an interconnection between

Transporter's System and another interstate pipeline,

unless Shipper fails to follow the scheduling procedures

of Section 6 of the General Terms and Conditions.


(ii) Imbalances shall be valued at the reference prices for

the Month that the imbalance accumulated.