Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

First Revised Sheet No. 140B First Revised Sheet No. 140B

Superseding: Original Revised Sheet No. 140B

 

GENERAL TERMS AND CONDITIONS

 

(iv) to specified quantities during specified periods

of time or during specified periods of the Year;

 

(v) to specified quantities at specific Receipt

Point(s) or Delivery Point(s);

 

(vi) to production reserves committed or dedicated to

Stingray; and/or

 

(vii) that a specific discounted rate is based on

published index prices for specific Receipt

Point(s) and/or Delivery Point(s) or other

agreed-upon published pricing reference points

(such discounted rate may be based upon the

differential between published prices or arrived

at by formula). Any agreement containing such

discounted rate shall specify the rate

component(s) to be discounted (i.e., reservation

charge or commodity charge or both), and any

formula will provide a reservation rate per unit

of contract demand (Maximum Daily Quantity).

 

To the extent the firm reservation charge is

discounted, the index price differential rate formula

shall be calculated to state a rate per Dth.

Furthermore, such discount shall not change the

underlying rate design of the service being provided or

include any minimum bill or maximum take provision that

would have the effect of guaranteeing revenue.

 

In addition, the discount agreement may include a

provision that if one rate component which was at or

below the applicable maximum rate at the time the

discount agreement was executed subsequently exceeds

the applicable maximum rate or is less than the

applicable minimum rate due to a change in Stingray's

maximum (minimum) rates so that such rate component

must be adjusted downward (upward) to equal the new

applicable maximum (minimum) rate, the other rate

components may be adjusted upward (downward) to achieve

the agreed overall rate, so long as none of the

resulting rate components exceed the maximum rate or

are less than the minimum rate applicable to that rate