GENERAL TERMS AND CONDITIONS OF SERVICE
(Continued)
1. DEFINITIONS (Continued)
1.30 Negotiated Rate Formula: A rate formula that NBP and a Shipper
have agreed will apply to service under a specific contract under
Rate Schedules FTS-1, ITS-1, PAL-1 which results in a rate where,
for all or a portion of the contract term, one or more of the
individual components of such rate may exceed the maximum rate, or
may be less than the minimum rate, for such component set forth in
NBP's Tariff for the given service.
1.31 Recourse Rate: The applicable maximum rate that would apply to a
service but for the rate flexibility allowed under Paragraph 24 of
this FERC Gas Tariff.
1.32 Commission: The Federal Energy Regulatory Commission.
1.33 Existing Capacity: Capacity that has been in-service beyond the
initial terms of Agreements that originally supported the
construction of such capacity. Existing Capacity additionally
includes capacity that is still within such initial terms where
Shipper Agreements pertaining to the capacity have been terminated
by the pipeline. Existing Capacity additionally includes
unsubscribed capacity created as part of a pipeline expansion
project.
1.34 Expansion Capacity: Original system capacity or capacity that is
added to the pipeline system as part of a system expansion project
where such capacity is still within the initial contract term(s)
of the Agreement(s) that originally supported the construction of
such capacity. Expansion Capacity includes permanent releases of
capacity that are within the initial term of an original Shipper's
contract.
1.35 Cash Out Index Price: The price calculated as the average "SoCal"
price, as reported in Gas Daily's Daily Price Survey, for the
month in which an imbalance occurs.
1.36 Energy Affiliate: The term "Energy Affiliate" shall have the
meaning provided in Commission Order No. 2004, et seq.
1.37 Asset Manager: A party that agrees to manage gas supply and
delivery arrangements, including transportation and storage
capacity, for another party. The asset manager uses released
capacity to serve the gas supply requirements of the releasing
shipper and, when the capacity is not needed for that purpose,
uses the capacity to make releases or bundled sales to third
parties.
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