Dauphin Island Gathering Partners

Original Volume No. 1

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Effective Date: 12/23/1997, Docket: RP98- 17-000, Status: Effective

Original Sheet No. 166 Original Sheet No. 166 : Effective

 

(c) Subject to the provisions of Subsections (d) and

(e) below, if Shipper has accrued a Net Monthly

Imbalance due Shipper, Transporter shall pay

Shipper for its Net Monthly Imbalance at the

following prices specified for each stated Net

Monthly Imbalance Percentage.

 

Net Monthly Imbalance

Percentage Due Shipper Price Per Dth

 

0 to 5% 100% of Low Price

>5 to 10% 85% of Low Price

>10 to 15% 75% of Low Price

>15 to 20% 60% of Low Price

>20% 50% of Low Price

 

It is agreed, however, that in the event Shipper

owes Transporter any payments under Subsection (b)

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 (c) by such past due amounts (inclusive

of interest).

 

(d) The Low Price is equal to the lowest daily average,

if applicable, of the price(s) which comprise the

Coden or TETCO Index Price, as applicable, during

the month in which Shipper's Net Monthly Imbalance

was incurred. The High Price is equal to the

highest daily average, if applicable, of the

price(s) which comprise the Coden or TETCO Index

Price, as applicable, during the month in which

Shipper's Net Monthly Imbalance was incurred.

 

The Coden Index Price (in $/Dth) is equal to the

sum of the following prices published during the

month in which Shipper's Net Monthly Imbalance was

incurred divided by the number of such prices

utilized by Transporter. The prices used for the

determination of the Coden Index Price shall be the

daily prices as published each day in Gas Daily in

the column "Midpoint", in the section "Daily Price

Survey" under "Louisiana - Onshore South" for:

 

(i) Koch Gateway Pipeline Company, "Koch (Areas

3-6)";

 

(ii) Florida Gas Transmission Corporation, "FGT

Z3";

 

(iii) Transcontinental Gas Pipe Line Corporation,

"Transco Z3, St. 50, 62, 65".