Natural Gas Pipeline Company Of America
Seventh Revised Volume No. 1
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Effective Date: 04/18/2008, Docket: RP08-319-000, Status: Effective
Original Sheet No. 387 Original Sheet No. 387 : Pending
GENERAL TERMS AND CONDITIONS
(3) Midcontinent, Spot Delivered to Pipeline.
In calculating the AMIP, the WIPs will be based on the prices
reported in the issue of "Natural Gas Week" dated on or after
Natural's nomination deadline for first of the month service for
that month, and the subsequent issues dated prior to Natural's
nomination deadline for the following month's first of the month
(d) Following the ten (10) day period for offsetting
imbalances, Shippers with remaining imbalances shall pay Natural or
will be credited with the appropriate cashout amounts.
(e) In the event "Natural Gas Week" ceases to publish
entirely or fails to publish the index prices listed in subsection
(c) above, the following procedures shall apply in determining a
(1) Should, in any given week, "Natural Gas Week"
fail to publish one of the three index prices used in determining
that week's WIP, the WIP will be determined using the average of
the remaining two published index prices.
(2) Should, in any given week, "Natural Gas Week"
fail to publish two or more of the three index prices used in
determining that week's WIP, there will be no WIP for that week
used in determining the month's AMIP.
(3) Should, in a given month, there be less than
two WIP's available for the AMIP calculation, the following
alternate AMIP procedures will apply: The AMIP will be defined as
the arithmetic average of:
(i) the closing price for the NYMEX natural
gas futures contract applicable to the month in which the imbalance
was created (i.e., the price at which that month's contract "went
off the board"); and
(ii) the individual daily closing prices for
the following month ("spot month" or "near month") NYMEX natural
gas contract during the month in which the imbalance was created,
up to and including the day the "spot month" contract "goes off the