Venice Gathering System, L. L. C.

Original Volume No. 1

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Effective Date: 03/01/2008, Docket: RP08-176-000, Status: Effective

First Revised Sheet No. 108 First Revised Sheet No. 108 : Effective

Superseding: Original Sheet No. 108

 

GENERAL TERMS AND CONDITIONS

(Continued)

 

11.3 Cash-out Index

 

Each week during the month a Spot Index Price will be

derived for the following location from the following posted

spot price as published in Natural Gas Week's, Spot Gas

Prices:

 

Spot Prices on Interstate Pipeline Systems

(Delivered-to Pipeline):

 

Texas Eastern Transmission, LP: East Louisiana

Columbia Gulf Gas Transmission Co.: Erath, Louisiana

 

For imbalances due VGS, the spot price used to

cash-out imbalances will be highest of the weekly Spot Index

Prices identified above, less the 100% Load Factor

Reservation Rate and Usage Rate under Customer's Service

Agreement. For imbalances due Customer, the spot price used

to cash-out imbalances will be lowest of the weekly Spot

Index Prices identified above, less the 100% Load Factor

Reservation Rate and Usage Rate under Customer's Service

Agreement.

 

In the event that these prices are no longer

available or valid, VGS will file to change its tariff and

may, at VGS' discretion, select a representative price in

the interim period, subject to refund.