Portland Natural Gas Transmission System

Second Revised Volume No. 1

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Effective Date: 09/01/2006, Docket: RP06-449-000, Status: Effective

Original Sheet No. 305 Original Sheet No. 305 : Effective

 

GENERAL TERMS AND CONDITIONS (Continued)

 

PV = [ A (1-(1+i)-n) ] / i

 

Where: PV = present value of the rate

A = fraction of unit rate, such that:

 

A = proposed rate / maximum rate

 

i = Monthly equivalent of the prime rate, as published in the

Wall Street Journal, plus five percent (5%)

 

n = term of the agreement, in Months

 

2.34 Primary Delivery Point(s): shall mean, with respect to any

Shipper, the Delivery Point(s) set forth on Schedule 2 appended to its Gas

Transportation Contract.

 

2.35 Primary Receipt Point(s): shall mean, with respect to any

Shipper, the Receipt Point(s) set forth on Schedule 1 appended to its Gas

Transportation Contract.

 

2.36 Rate Schedule: shall mean Rate Schedules FT, and IT under

Transporter's FERC Gas Tariff, and any additional or superseding rate

schedule(s).

 

2.37 Receipt Point(s): shall mean a point or points at which

Transporter is authorized to receive Gas from or for the account of Shipper.

With respect to any Shipper, a Receipt Point shall be either Primary or

Secondary. The System Receipt Points are listed on Transporter's Interactive

Internet Website.

 

2.38 Recourse Rate(s): shall mean the maximum rate, rate component,

charge or credit that is available to all Shippers under this Tariff, as

displayed on Sheet Nos. 100 - 102 in this Tariff.