Common use of Negotiated Settlement Clause in Contracts

Negotiated Settlement. Westcoast Energy Inc. (“Westcoast”) and the Canadian Association of Petroleum Producers, FortisBC Energy Inc., the Export Users Group (comprising Cascade Natural Gas Corporation, Northwest Natural Gas Corporation and Puget Sound Energy, Inc.), Northwest Industrial Gas Users, and Powerex Corp. (collectively the “Stakeholders”) have reached this Settlement Agreement (the “Agreement”) regarding the determination of Westcoast’s tolls for transmission service in Zones 3 and 4 for the 2018 and 2019 calendar years. This Agreement is the result of negotiations between Westcoast and the Stakeholders and is entered into on the understanding that no single component of this Agreement is to be construed as representing the position of Westcoast or any of the Stakeholders on the appropriate tolls that would be obtained in the absence of this Agreement. Westcoast and the Stakeholders intend that this Agreement be viewed as a whole, and that no aspect of this Agreement should be considered as acceptable to Westcoast or any of the Stakeholders in isolation from all other aspects of this Agreement.

Negotiated Settlement. Westcoast Energy Inc. (“Westcoast”) and the Canadian Association of Petroleum Producers, FortisBC Energy Terasen Gas Inc., the Export Users Group (comprising Avista Corporation, Cascade Natural Gas Corporation, Northwest Natural Gas Corporation Company and Puget Sound Energy, Inc.), Northwest Industrial Gas Users, ) and Powerex Corp. (collectively the “Stakeholders”) have reached this Settlement Agreement (the “Agreement”) regarding the determination of Westcoast’s tolls for transmission service in Zones 3 and 4 for the 2018 2011, 2012 and 2019 2013 calendar years. This Agreement is the result of negotiations between Westcoast and the Stakeholders and is entered into on the understanding that no single component of this Agreement is to be construed as representing the position of Westcoast or any of the Stakeholders on the appropriate tolls that would be obtained in the absence of this Agreement. Westcoast and the Stakeholders intend that this Agreement be viewed as a whole, and that no aspect of this Agreement should be considered as acceptable to Westcoast or any of the Stakeholders in isolation from all other aspects of this Agreement.

Negotiated Settlement. Westcoast Energy Inc. (“Westcoast”) and the Canadian Association of Petroleum Producers, FortisBC Energy Terasen Gas Inc., the Export Users Group (comprising Avista Corporation, Cascade Natural Gas Corporation, Northwest Natural Gas Corporation Company and Puget Sound Energy, Inc.), Northwest Industrial Xxxxxx Creek Gas Users, Storage ULC and Powerex Corp. (collectively the “Stakeholders”) have reached this Settlement Agreement (the “Agreement”) regarding the determination of Westcoast’s tolls for transmission service in Zones 3 and 4 for the 2018 2008, 2009 and 2019 2010 calendar years. This Agreement is the result of negotiations between Westcoast and the Stakeholders and is entered into on the understanding that no single component of this Agreement is to be construed as representing the position of Westcoast or any of the Stakeholders on the appropriate tolls that would be obtained in the absence of this Agreement. Westcoast and the Stakeholders intend that this Agreement be viewed as a whole, and that no aspect of this Agreement should be considered as acceptable to Westcoast or any of the Stakeholders in isolation from all other aspects of this Agreement.