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TWP Pipeline LLC
FERC GAS TARIFF
SECOND REVISED VOLUME NO. 1

SECTION 7.1
DEFINITIONS
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS
7.1.30. "Negotiated Rate" means a rate or rate formula for service under any Rate Schedule contained in this Tariff established pursuant to Section 7.15 of the GT&C. 7.1.31. "Nomination" shall mean the requests for service submitted pursuant to Section 8 of the GT&C. 7.1.32. "Operational Balancing Agreement" (or "OBA") is a contract between parties which specifies the procedures to manage operating balances at an interconnect as referenced in Section 7.13.1 of the GT&C. 7.1.33. "Operational Flow Order" (or "OFO") is an order issued pursuant to Section 7.11 of the GT&C. 7.1.34. "Person" means a natural person, sole proprietorship, firm, trust, trustee, executor, administrator or other legal personal representative, partnership, limited partnership, joint venture, syndicate, company or corporation with or without share capital, unincorporated association, regulatory body or agency, government or governmental agency, authority or entity however designated or constituted. 7.1.35. "Prepayment", with respect to requests for capacity or service, means that amount of money that must be submitted by a Shipper along with a request for service. With respect to creditworthiness, prepayment means the advance payment for transportation services rendered by Transporter. 7.1.36. "Psia" means pounds per square inch absolute. 7.1.37. "Psig" means pounds per square inch gauge. 7.1.38. "Receipt Point" means any point at which Gas is tendered by or for Shipper's account. The Receipt Point(s) shall be specified in Shipper's FT Agreement or IT Agreement. 7.1.39. "Recourse Rate" means the applicable maximum and minimum rates stated on the Statement of Rates and Charges in Section 4.1 in this Tariff, which shall be applicable unless Transporter and Shipper agree in writing to a Negotiated Rate or Discounted Rate. 7.1.40. "Released Capacity" means capacity reserved under the terms of an effective FT Agreement that a Releasing Shipper seeks to release, on either a permanent or temporary basis. 7.1.41. "Releasing Shipper" (or "Releaser") means a Shipper who holds or acquires firm capacity rights and who elects to release all or a part of such capacity.