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. 954 Original Sheet No. 954

 

GENERAL TERMS AND CONDITIONS

Section 14

(Continued)

 

 

Determination of Index "Midpoint" Price - For the month in

which the imbalance occurred, the index "Midpoint" price

per Dekatherm used in the calculation shall be the

arithmetic average of the "Buy" price and the "Sell" price,

multiplied by a factor of 1.0.

 

 

(d) If an imbalance or any portion of an imbalance is solely

created by a Customer's inability to reconcile receipt and

deliveries during the month due to issuance of an

Operational Flow Order, then the imbalance factor used in

the calculation of the cash-out provision for that month

will be 1.00 and the applicable index price per Dekatherm

for the month in which the imbalance occurred shall be the

arithmetic average of the Natural Gas Week indices

published each week during the month under the title

"Natural Gas Weekly Spot Prices" for the following regions:

 

Midcontinent - NGPL - MC

Southeast - Transco Zone 4

 

 

If an imbalance is solely created by a force majeure event,

solely caused by Gulf Crossing or the result of complying

with Gulf Crossing's directions, then the imbalance factor

to be used in the calculation of the cash-out provision for

the month will be 1.00 and the applicable index price per

Dekatherm for the month in which the imbalance occurred

shall be the arithmetic average of the Natural Gas Week

indices published each week during the month under the

title "Natural Gas Weekly Spot Prices" for the following

regions:

 

Midcontinent - NGPL - MC

Southeast - Transco Zone 4