Millennium Pipeline Company, L. L. C.

Original Volume No. 1

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Effective Date: 12/22/2008, Docket: CP98-150-011, Status: Effective

Original Sheet No. 241 Original Sheet No. 241

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

 

20. DISCOUNT POLICY (Cont.)

 

In addition, Transporter may discount based on published index prices for

specific Point(s) of Receipt and/or Point(s) of Delivery or other agreed-upon

published pricing reference points (such discounted rate may be based upon

the differential between published prices or arrived at by formula). Any

agreement containing such discounted rate shall specify the rate component(s)

to be discounted (i.e., Reservation Charge or Commodity Charge or both), and

any formula will provide a reservation rate per unit of contract demand

(Maximum Daily Contract Quantity). To the extent the firm Reservation Charge

is discounted, the index price differential rate formula shall be calculated

to state a rate per Dth. Furthermore, such discount shall not change the

underlying rate design of the service being provided or include any minimum

bill or maximum take provision that would have the effect of guaranteeing

revenue.