Stingray Pipeline Company
Third Revised Volume No. 1
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Effective Date: 12/01/1996, Docket: RP96-180-001, Status: Effective
Original Sheet No. 134B Original Sheet No. 134B : Effective
GENERAL TERMS AND CONDITIONS
(c) The AMIP is the arithmetic average of the AWIPs.
The AWIPs are the monthly arithmetic average of the Weekly Index
Prices (WIP). The WIPs listed below are reported in 'Spot Gas Prices
Delivered to Pipelines' issued by "Natural Gas Intelligence" (NGI):
(1) South Louisiana, NGPL; and
(2) South Louisiana, LRC via Stingray.
In calculating the AMIP, the WIPs will be based on the prices
reported in the issue of NGI dated on or after Stingray's nomination
deadline for first of the month service for that month, and the
subsequent issues dated prior to Stingray's nomination deadline for
the following month's first of the month service.
(d) Following the ten (10) day period for offsetting
imbalances, Shippers with remaining imbalances shall pay Stingray or
will be credited with the appropriate cashout amounts.
(e) In the event NGI ceases to publish entirely or
fails to publish the index prices listed in subsection (c) above,
the following procedures shall apply in determining a month's AMIP:
(1) Should, in any given week, NGI 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, NGI 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.
(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