15 U.S.C. § 3373

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 3373 - Effect of certain natural gas prices on indefinite price escalator clauses

(a) High-cost natural gas

No price paid in any first sale of high-cost natural gas (as defined in section 3317(c)¹ of this title, as such section was in effect on January 1, 1989) may be taken into account in applying any indefinite price escalator clause (as defined in section 3315(b)(3)(B)¹ of this title, as such section was in effect on January 1, 1989) with respect to any first sale of any natural gas other than high-cost natural gas (as defined in section 3317(c)¹ of this title, as such section was in effect on January 1, 1989).

(b) Other transactions

No price paid-

(1) in any sale authorized under section 3362(a) of this title, or

(2) pursuant to any order issued under section 3363(b), (c), (d), or (g) of this title,

may be taken into account in applying any indefinite price escalator clause (as defined in section 3315(b)(3)(B)¹ of this title, as such section was in effect on January 1, 1989).

¹See References in Text note below.

15 U.S.C. § 3373

Pub. L. 95-621, title III, §313, Nov. 9, 1978, 92 Stat. 3392; Pub. L. 101-60, §3(b)(3), July 26, 1989, 103 Stat. 159.

EDITORIAL NOTES

REFERENCES IN TEXTSections 3315 and 3317 of this title, referred to in text, were repealed effective Jan. 1, 1993, by Pub. L. 101-60, §2(b), July 26, 1989, 103 Stat. 158.

AMENDMENTS1989- Pub. L. 101-60 inserted ",as such section was in effect on January 1, 1989" in four places.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATE OF 1989 AMENDMENT Amendment by Pub. L. 101-60 effective Jan. 1, 1993, see section 3(b) of Pub. L. 101-60 set out as a note under section 3372 of this title.

natural gas

The term "natural gas" means either natural gas unmixed, or any mixture of natural and artificial gas.

sale

The term "sale" means any sale, exchange, or other transfer for value.