High Island Offshore System, L.L.C.
Third Revised Volume No. 1
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Effective Date: 09/01/2006, Docket: RP06-244-001, Status: Effective
Substitute First Revised Sheet No. 107 Substitute First Revised Sheet No. 107 : Effective
Superseding: Original Sheet No. 107
GENERAL TERMS AND CONDITIONS
(b) The Average Monthly Index Price (AMIP) is the arithmetic average
of the Weekly Index Prices (WIPs). The WIP for any week is the
arithmetic average of the following two index prices reported in
"Gas Price Report" issued by "Natural Gas Week":
(1) Louisiana, Gulf Coast, Onshore, Spot Delivered to
(2) Louisiana, Gulf Coast, Offshore, Spot Delivered to
In calculating the AMIP, the WIPs will be based on the prices
reported in the issue of "Natural Gas Week" dated on or after
HIOS' nomination deadline for first of the month service for that
month, and the subsequent issues dated prior to HIOS nomination
deadline for the following month's first of the month service.
(c) Shippers with any remaining TMI shall pay HIOS or will be
credited with the appropriate cashout amounts.
(d) In the event "Natural Gas Week" ceases to publish entirely or
fails to publish the index prices listed in subsection (b) above,
the following procedures shall apply in determining a month's
(1) Should, in any given week, "Natural Gas Week" fail to
publish one of the two index prices used in determining
that week's WIP, the WIP will be determined using the
remaining published index price.
(2) Should, in any given week, "Natural Gas Week" fail to
publish both of the index prices used in determining that
week's WIP, there will be no WIP for that week used in
determining the month's AMIP.
(e) In the event the foregoing prices are no longer available or
valid, HIOS will file to change the Tariff and may, at its
discretion, select a representative price in the interim
period, subject to adjustment.