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).
No price paid-
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).
1 See References in Text note below.
15 U.S.C. § 3373
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REFERENCES IN TEXTSections 3315 and 3317 of this title, referred to in text, were repealed effective Jan. 1, 1993, by Pub.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.