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

SECTION 7.18
FUEL AND GAS LOSS RETENTION PERCENTAGE
VERSION 3.0.0

GENERAL TERMS AND CONDITIONS

    
    
    7.18.  FUEL AND GAS LOSS RETENTION PERCENTAGE
    
        7.18.1. Applicability: Fuel and Gas Loss Quantities shall be furnished 
                in kind by Shipper.  The Fuel and Gas Loss Reimbursement 
                Percentage ("FRP") shall apply to Rate Schedule FT and IT.
                The total FRP will be the sum of two components: A Base FRP 
                and an FRP True-up Adjustment percentage.  The FRP will be 
                shown on the Statement of Rates and Charges of this Tariff.  
                The Base FRP will be determined pursuant to Section 7.18.3.  The 
                FRP True-up Adjustment will be determined pursuant to Section 
                7.18.4.  The Fuel and Gas Loss Percentage shall be expressed as a 
                percentage of receipt quantities which Shipper must provide 
                Transporter in addition to quantities Transporter will deliver 
                to Shipper.
    
        7.18.2. Annual FRP Filing:  Transporter will make an annual limited 
                Natural Gas Act section 4 filing setting forth proposed 
                changes to the Base FRP and the FRP True-up Adjustment.  
                Revisions to the Base FRP and the FRP True-up Adjustment.  
                Revisions to the Base FRP and FRP True-up Adjustment will be 
                filed no later than March 1 of each year and will become 
                effective on April 1 of that year.

        7.18.3. Determination of the Base FRP:  The Base FRP will be calculated 
                by dividing the Fuel and Gas Loss Quantities retained for the 
                12-month period covering the preceding January through December 
                by the total transportation volumes projected to be scheduled 
                for the 12-month period the FRP will be in effect.  Transporter 
                will round the resulting percentage to the nearest 0.01 percent.

       7.18.4.  Determination of the FRP True-up Adjustment:  To determine the 
                FRP True-up Adjustment, Transporter will first calculate the FRP 
                "True-up Quantity."  The True-up quantity shall equal the 
                difference between the Fuel and Gas Loss quantities received 
                from Shipper(s) during the 12-month period covering the preceding 
                January through December and the actual Fuel and Gas Loss 
                quantities experienced on Transporter's system during the same 
                period.  The FRP True-up Adjustment will be calculated by dividing 
                the True-up Quantity by the total transportation volumes projected 
                to be scheduled for the same twelve-month period the FRP will be 
                in effect.  Transporter will round the resulting percentage to the 
                nearest 0.01%.

        7.18.5. Interim Adjustment to FRP:  If Transporter determines that actual 
                Fuel and Gas Loss quantities diverge significantly from the 
                quantities retained through the FRP mechanism, Transporter may 
                make an interim limited Natural Gas Act section 4 filing to 
                revise the FRP.

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