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Enron Mail |
The Index for pricing in the PERC contracts is based on the average of the
"spot" price and the "citygate" price as follows: Calculation of spot price (C): C = (A+B)/2 Where A is the low and B is the high of the range as reported in the first publication of the billing month of "Inside F.E.R.C's Gas Market Report" for Chicago citygate. Calculation of citygate price (E): E = (D+C)/2 Where D is the price as reported in the first publication of the billing month of "Natural Gas Week" for Delivered to Utility, Midwest. Calculation of Contract Price (F): F = E x applicable percentage
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