Scg Pipeline Inc.

Original Volume No. 1

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Effective Date: 11/01/2003, Docket: RP03-611-000, Status: Effective

Original Sheet No.121 Original Sheet No.121 : Superseded

 

 

GENERAL TERMS AND CONDITIONS

(continued)

 

 

(d) Positive Imbalance ("P”) is equal to the absolute value ("abv") of the

sum of all Shippers' Positive Imbalance accrued during the Month.

 

Negative Imbalance ("N") is equal to the absolute value ("abv") of the sum of

all Shippers' Negative Imbalance accrued during the Month.

 

The “Low Price” is equal to the lowest of the prices used by Pipeline, as set

forth below, for calculating the Index Price for the Month in which Shipper's

Net Monthly Imbalance was incurred.

 

The “High Price” is equal to the highest of the prices used by Pipeline, as

set forth below, for calculating the Index Price for the Month in which

Shipper's Net Monthly Imbalance was incurred.

 

The “Index Price” is equal to the sum of the prices published by the following

publications for delivery to Pipeline's system during the Month in which

Shipper's Net Monthly Imbalance was incurred divided by the number of such

prices utilized by Pipeline as determined below:

 

(i) Natural Gas Intelligence Gas Price Index, "Average" "South Louisiana, "

"Southern Natural",

 

(ii) Inside F.E.R.C.'s Gas Market Report, "Index". "Southern Natural Gas

Co.," "Louisiana,"

 

With respect to Inside F.E.R.C.'s Gas Market Report, Pipeline will use the

posting published for the first of a Month only. With respect to Natural Gas

Intelligence Gas Price Index, Pipeline will use the weekly postings published

during the Month within the following parameters. The first weekly posting to

be used will be the first issue of Natural Gas Intelligence Gas Price Index

published during the Month. The last weekly posting to be used will be the

last issue of said publication published during the Month.