Cimarron River Pipeline, LLC
Original Volume No. 1
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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective
Original Sheet No. 242 Original Sheet No. 242
GENERAL TERMS AND CONDITIONS
13.3 Cash Out Procedures (continued):
(d) Index Price. The Index Price shall be determined each month
using the daily spot gas prices for the area of Transporter's system as
published in Gas Daily. Transporter will determine the simple average of
the Gas Daily Daily Price Survey index prices published for Panhandle, TX-
Oklahoma for each delivery month (with Saturday and Sunday averaged using
the succeeding Business Day's price) ("Index Price") using the quotations
published during the five-week period beginning on the first Tuesday of the
delivery month and ending on the first or second Monday of the following
month, whichever is applicable, to arrive at a five-week period.
(e) If the Index Price is no longer published or is materially
modified so that it no longer reflects daily gas market values in the area
of Transporter's system, Transporter will promptly select a replacement
Index Price publication that produces results similar to the previous Index
Price. Transporter will inform Shippers of the revision by posting the
revised Index Price on Transporter's Internet Web Site along with an
explanation of the reason for the change. Transporter will also file the
change with the Commission as required.
(f) A prior period adjustment that impacts the Net Monthly Imbalance
amount for a prior period shall be multiplied by the Index Price for the
delivery month when the imbalance occurred. No further imbalance penalty
will be imposed when a prior period adjustment, applied to the current
period, causes or increases a current month Imbalance Penalty.