Sea Robin Pipeline Company, LLC

Second Revised Volume No. 1

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Effective Date: 12/31/2004, Docket: RP05- 87-000, Status: Effective

Original Sheet No. 141 Original Sheet No. 141 : Effective

 

 

GENERAL TERMS & CONDITIONS

(Continued)

 

 

6. TRANSPORTATION BALANCING (Continued)

 

It is agreed, however, that in the event Shipper owes Sea Robin

any payments under Section 6.2 above from a previous Month which

are past due, Sea Robin shall have the right hereunder to offset

payments it owes to Shipper under this Section 6.3 by such past

due amounts (inclusive of interest).

 

6.4 The Index Price shall be equal to the sum of the spot prices

published by the following publications for delivery to the

Pipeline System indicated during the Month in which Shipper's

net monthly imbalance was incurred divided by the number of such

prices utilized by Sea Robin as determined below less the sum of

Sea Robin's maximum rate under its ITS Rate Schedule as shown on

Sheet No. 7 of its FERC Gas Tariff, and all volumetric

surcharges:

 

(a) Natural Gas Intelligence Weekly Gas Price Index "Louisiana,"

"Southern Natural," "Average"

 

(b) Natural Gas Intelligence Weekly Gas Price Index "Louisiana,"

"Columbia Gulf Onshore," "Average"

 

(c) Inside FERC's Gas Market Report, "Columbia Gulf Transmission

Co.," "Louisiana," "Index"

 

With respect to Inside FERC's Gas Market Report, Sea Robin will

use the posting published for the first of the Month only. With

respect to Natural Gas Intelligence Weekly Gas Price Index, Sea

Robin will use the weekly posting published during the Month

within the following parameters. The first weekly posting to be

used will be the first issue of Natural Gas Intelligence Weekly

Gas Price Index published during the Month. For the first week

of the Month, Sea Robin will use the current Month data to the

extent it is posted in the first issue. If the current Month

data is not available, Sea Robin will use the bid week postings.

The last weekly posting to be used will be the last issue of

said publication published during the Month.