Nautilus Pipeline Company, LLC

Original Volume No. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 04/05/2010, Docket: RP10-475-000, Status: Effective

Second Revised Sheet No. 166 Second Revised Sheet No. 166

Superseding: First Revised Sheet No. 166

 

GENERAL TERMS AND CONDITIONS

 

 

20. RESOLUTION OF IMBALANCES con't

 

It is agreed, however, that in the event Shipper owes

Transporter any payments under subsection (c) above from a

previous Month which are past due, Transporter shall have

the right hereunder to offset payments it owes to Shipper

under this subsection (d) by such past due amounts.

 

(e) The Index Price for each specific Month shall be equal to

the arithmetic average of the weekly Spot Gas Prices as

published in Natural Gas Intelligence Weekly Gas Price Index

(NGI), in the table "Spot Gas Prices Delivered to

Pipelines", under the heading "Louisiana-Regional Avg.", in

the column for the specific Month Avg. during the Month in

which Shipper's NMI was incurred.

 

Transporter will use the weekly postings published in NGI

during the Month within the following parameters. The first

weekly posting to be used will be the first issue of NGI

published during the Month. The last weekly posting to be

used will be the last issue of said publication published no

later than two (2) Business Days prior to the end of the

Month.

 

In the event the NGI or the "Louisiana-Regional Avg."

posting contained therein is discontinued, Transporter will

revise this subsection 20.2(e) to substitute another price

index generally reflective of a gas price at the Delivery

Points.