Gulfstream Natural Gas System, L.L.C.

Original Volume No. 1

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Effective Date: 05/21/2002, Docket: CP00- 6-004, Status: Effective

Original Sheet No. 105 Original Sheet No. 105 : Effective

 

 

 

GENERAL TERMS AND CONDITIONS

(CONTINUED)

 

 

1.22 The term "Gas" shall mean natural gas, including cap

gas, casinghead gas produced with crude oil, gas from

gas wells, gas from condensate wells, synthetic natural

gas, or any mixture of these gases meeting the quality

standards under Section 3 of these General Terms and

Conditions.

 

1.23 The term "Gas Delivered Hereunder" shall mean the

quantities of Gas allocated to Shipper by Transporter,

as determined in accordance with the provisions of

Section 7 of these General Terms and Conditions.

 

1.24 The term "High Common" shall mean the highest price

listed under the heading "Common" in "Platts Gas Daily"

"Daily Price Survey" for the applicable day.

 

1.25 The term "1LineSM" shall mean Transporter's electronic

communication system, for which Transporter has

contracted with a third party provider, in accordance

with Section 25 of these General Terms and Conditions,

which shall be available to any Shipper.

 

1.26 The term "Hour" shall mean a period of sixty consecutive

minutes beginning at the top of the hour, e.g. 9:00, or

such other time mutually acceptable to Transporter and

Shipper.

 

1.27 The term "Imbalance Management Services" shall mean the

options available to Shippers for resolution of

imbalances including the application of the cashout

mechanism set forth in Section 8 of the General Terms

and Conditions. These options include service under

PALS, Imbalance Netting and Trading and, as a final

resolution, Cashout.

 

1.28 The term "Low Common" shall mean the lowest price listed

under the heading "Common" in "Platts Gas Daily" "Daily

Price Survey" for the applicable day.