Mississippi Canyon Gas Pipeline, LLC
First Revised Volume No. 1
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Effective Date: 03/01/1999, Docket: RP99-228-000, Status: Effective
Original Sheet No.20A Original Sheet No.20A : Effective
5. (a) (continued):
Option Q: Quarterly Election
(i) If the summation of the quantity of gas
allocated to Shipper's FT-2 Transportation
Service Agreement at the Delivery Point(s) in
the month plus the two preceding months
equals or exceeds 80% of the Maximum Daily
Quantity specified in the FT-2 Transportation
Service Agreement for the same three months
multiplied by the Shipper Specific Heating
Value for the same three months and
multiplied by the number of days in the
months: a reservation charge equal to the
product of the applicable Reservation Rate
multiplied by the quantity of gas allocated
to Shipper's FT-2 Transportation Service
Agreement at the Delivery Point(s) during the
month; or
(ii) If the summation of the quantity of gas allocated
to Shipper's FT-2 Transportation Service Agreement
at the Delivery Point(s) in the month plus the two
preceding months is less than 80% of the Maximum
Daily Quantity specified in the FT-2
Transportation Service Agreement for the same
three months multiplied by the Shipper Specific
Heating Value for the same three months and
multiplied by the number of days in the months: a
reservation charge equal to the product of the
applicable Reservation Rate multiplied by the
Maximum Daily Quantity specified in the FT-2
Transportation Service Agreement multiplied by the
Shipper Specific Heating Value for the month and
multiplied by the number of days in the month; and
(iii) The minimum number of Delivery Periods, as
the term Delivery Period is defined in
article 1.4 Option Q of the FT-2
Transportation Service Agreement, shall be
four (4) and all Delivery Periods shall be
consecutive.