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