U.S. Code » Title 15 » Chapter CHAPTER 60— NATURAL GAS POLICY › Subchapter SUBCHAPTER III— ADDITIONAL AUTHORITIES AND REQUIREMENTS › Part Part B— Other Authorities and Requirements

15 U.S.C. § 3373

Effect of certain natural gas prices on indefinite price escalator clauses

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(a) High-cost natural gas

No price paid in any first sale of high-cost natural gas (as defined in section 3317(c) 11 See References in Text note below. 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 transactionsNo 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).(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 NotesReferences in Text

Sections 3315 and 3317 of this title, referred to in text, were repealed effective Jan. 1, 1993, by Pub.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.

Amendments

1989—Pub. L. 101–60 inserted “, as such section was in effect on January 1, 1989” in four places.

Statutory Notes and Related SubsidiariesEffective 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.

Notes of Decisions
Cited in 3 cases, 1982–1999 · leading case: Pennzoil Co. v. Fed. Energy Regulatory Comm'n, 671 F.2d 119 (5th Cir. 1982).
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Pennzoil Co. v. Fed. Energy Regulatory Comm'n, 671 F.2d 119 (5th Cir. 1982). “NGPA § 313, 15 U.S.C. § 3373 provides: SEC. 313. EFFECT OF CERTAIN NATURAL GAS PRICES ON INDEFINITE PRICE ESCALATOR CLAUSES.”
Moncrief v. Williston Basin Interstate Pipeline Co., 174 F.3d 1150 (10th Cir. 1999). “See 15 U.S.C. § 3373 (a). Plaintiffs have acknowledged in papers filed with both this court and the district court that "regulation continued until the end of 1992,” Br.”
Concise Oil & Gas P'ship v. Louisiana Intrastate Gas Corp., 986 F.2d 1463 (5th Cir. 1993). “NGPA § 313(a), 15 U.S.C. § 3373 (a), provides that “[n]o price paid in any first sale of high-cost natural gas .”
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