Tennessee Gas Pipeline Company

FIFTH REVISED VOLUME NO. 1

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Effective Date: 05/01/2000, Docket: RP00- 229-000, Status: Effective

Fifth Revised Sheet No. 215 Fifth Revised Sheet No. 215 : Effective

Superseding: Fourth Revised Sheet No. 215

 

 

Rate Schedule LMS - PA

Load Management Service - Pooling Area (continued)

 

 

For receipt points and Supply Area Pooling Areas, the offshore/onshore

Pooling Area Price ("PAP") shall be based upon the applicable weekly price(s)

for each Receipt Region (Region Price). For these purposes, there shall be

four Receipt Regions, which shall be Texas Offshore, Texas Onshore, Louisiana

Offshore and Louisiana Onshore. The four Receipt Regions shall be those

geographical regions as set forth in Natural Gas Week's "Gas Price Report."

The Region Price applicable for the four Receipt Regions shall be the

delivered to pipeline prices published in Natural Gas Week's "Gas Price

Report" for each of the four Receipt Regions (i.e. Texas Offshore, Texas

Onshore, Louisiana Offshore and Louisiana Onshore). The applicable general

system deliverability will also be posted on PASSKEY.

 

If Natural Gas Week's "Gas Price Report" is no longer published, Transporter,

and parties to the Receipt Point Balancing Agreements shall meet to undertake

to agree upon alternative spot price indices.

 

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.

 

(d) (i) The Balancing Party or Shipper (hereinafter referred to as the "Party")

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

applicable price described below.

 

(a) For each month, the monthly offshore/onshore "Low Price" or "LP"

for each Pooling Area shall be established by taking the lowest

weekly offshore/onshore PAP established for the Pooling Area

applicable to the month.

 

(b) For each month, the monthly offshore/onshore "High Price" or

"HP" for each Pooling Area shall be established by taking the

highest weekly offshore/onshore PAP established for the Pooling

Area applicable to the month.

 

(c) For each month, the monthly offshore/onshore "Average Price" or

"AP" for each Pooling Area shall be determined by taking the

simple arithmetic average of the weekly offshore/onshore PAP

figures established for the Pooling Area applicable to the

month.