American Midstream (Midla), LLC

Sixth Revised Volume No. 1

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Effective Date: 05/01/2010, Docket: RP10-483-000, Status: Effective

Original Sheet No. 152 Original Sheet No. 152

 

(b) Pricing for Cash Out

(i) With the exception of Midla's T-32 lateral, the index price used in the cash-out

procedures under Section 14.7(c) shall be the price per MMBtu equal to the "Bid Week"

price published for the month in which the imbalance occurred, as stated in Natural Gas

Week's "Gas Price Report for Louisiana, Gulf Coast, Onshore Spot, Delivered to

Pipeline". In the event that the prices published in Natural Gas Week are no longer

available or valid, the index price used in the calculation shall be equal to the prevailing

price reported in Inside FERC's Gas Market Report under the heading of "Index" for

"Southern Natural Gas Co. (Louisiana) for the first day of each month, or the earliest day

of such month if such price is not reported for the first day until Pipeline files to revise this

FERC Gas Tariff and may, in its reasonable judgment, select a representative price in

the interim subject to refund.

 

(ii) For the T-32 lateral, the index price used in the cash-out procedures under Section

14.7(c) shall be the price per MMBtu equal to a calculated weighted average cash-out

price on the T-32 lateral. For each month, the weighted average cash-out price shall be

determined by multiplying the applicable cash-out price of each upstream interconnecting

pipeline ("Upstream Pipeline")on the T-32 lateral by a percentage equal to the gas

volumes scheduled for delivery by the Pipeline into the T-32 lateral from such Upstream

Pipeline, divided by the total volumes scheduled for delivery into the T-32 lateral, and

then totaling the products obtained by such calculation for each such Upstream Pipeline

to arrive at the weighted average cash-out price for each billing month.

 

If no cash-out price is posted for an Upstream Pipeline in a particular month, Pipeline

shall use the index price as defined in Section 14.7(b)(i) above in the cash-out calculation

for the T-32 lateral.