Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

 Contents / Previous / Next / Main Tariff Index

 

 

Effective Date: 10/01/2003, Docket: RP00-477-005, Status: Effective

Sixth Revised Sheet No. 207A Sixth Revised Sheet No. 207A : Effective

Superseding: Fourth Revised Sheet No. 207A

 

 

Schedule LMS - MA

Load Management Service - Market Area (continued)

 

 

(iv) For delivery points, the Market Area Region Price ("MARP") will be

calculated weekly and will be the volumetric weighted average price based

on the general system deliverability on Transporter's system from the

Receipt Regions as defined in Rate Schedule LMS-PA and the applicable

Region Prices for those Receipt Regions. The general system

deliverability will be updated on January 1 and July 1 of every year. The

MARP will be posted on PASSKEY within a reasonable time after receipt of

Natural Gas Week's "Gas Price Report."

 

(v) If Natural Gas Week's "Gas Price Report" is no longer published,

Transporter and parties to OBAs shall meet to undertake to agree upon

alternative spot price indices.

 

(vi) The amounts due hereunder shall be paid in accordance with Articles V and

VI of the General Terms and Conditions of Transporter's FERC Gas Tariff.

 

(vii) (A) The Balancing Party (hereinafter referred to as the "Party") and

Transporter shall "cash out" the actual monthly imbalance at the

applicable market area price described below.

 

For each month, the monthly "Low Price" or "LP" for the Market Area

shall be established by taking the lowest weekly MARP established for

the Market Area applicable to the month.

 

For each month, the monthly "High Price" or "HP" for the Market Area

shall be established by taking the highest weekly MARP established

for the Market Area applicable to the month.

 

For each month, the monthly "Average Price" or "AP" for the Market

Area shall be determined by taking the simple arithmetic average of

the weekly MARP figures established for the Market Area applicable to

the month.