Gulf Crossing Pipeline Company LLC

Original Volume No. 1

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Effective Date: 12/20/2008, Docket: RP09-61-000, Status: Effective

Original Sheet No. 951 Original Sheet No. 951

 

GENERAL TERMS AND CONDITIONS

Section 14

(Continued)

 

(b) Cash Settlement to Eliminate Imbalances - After the period

provided to the Customer to correct any imbalance, Gulf Crossing

shall provide an invoice credit for quantities that are over-

received and an invoice charge for quantities that are over-

delivered. For over-received quantities, an index "buy" price

multiplied by a factor determined by the amount of the imbalance

will be used as purchase price for Gulf Crossing. For over-

delivered quantities, an index "sell" price multiplied by a

factor determined by the amount of the imbalance will be used as

the "sales" price for Gulf Crossing.

 

(1) Determination of Index "Buy" Price - For the month in

which the imbalance occurred, the index "buy" price

per Dekatherm used in the calculation shall be the

arithmetic average of the Natural Gas Week indices

published each week during the month and the first

week following the month under the title "Natural Gas

Weekly Spot Prices" for the following region:

 

Midcontinent - NGPL-MC

 

Should this publication cease to exist in its current

form, then Gulf Crossing will submit an alternate set

of published prices for the index calculation.

 

Determination of Index "Sell" Price - For the month

in which the imbalance occurred, the index "sell"

price per Dekatherm used in the calculation shall be

the arithmetic average of the Natural Gas Week

indices published each week during the month and the

first week following the month under the title

"Natural Gas Weekly Spot Prices" for the following

region:

 

Southeast - Transco Zone 4

 

Should this publication cease to exist in its current

form, then Gulf Crossing will submit an alternate set

of published prices for the index calculation.