Title 15 — Commerce and Trade
Part B · Chapter 60 — Natural Gas Policy
§ 3373. Effect of certain natural gas prices on indefinite price escalator clauses
Statutory text
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 ) 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 ) 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 ).
Other transactions
No price paid—
in any sale authorized under section 3362(a) of this title, or
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 ).
Footnotes
- 1 See References in Text note below.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 95–621 title III § 313 · 92 Stat. 3350
Enacted · 15 U.S.C. § 3373
Pub. L. 95–621, title III, § 313, Nov. 9, 1978, 92 Stat. 3392
Source evidence
Code source credit
Pub. L. 95–621, title III, § 313, Nov. 9, 1978, 92 Stat. 3392Enacted provision · exact public law section
SEC 313. EFFECT OF CERTAIN NATURAL GAS PRICES ON INDEFINITE PRICE ESCALATOR CLAUSES. (a) 15 USC 3373.Ante, p. 3366. High-Cost Natural Gas.— No price paid in any first sale of high-cost natural gas (as defined in section 107(c)) may be taken into account in applying any indefinite price escalator clause (as defined in Ante, p. 3363. section 105(b) (3)(B)) with respect to any first sale of any natural gas other than high-cost natural gas (as defined in section 107 (c)). (b) Other Transactions.—No price paid— (1) in any sale authorized under section 302(a), or (2) pursuant to any order issued under section 303 (b), (c), (d),or (g), may be taken into account in applying any indefinite price escalator clause (as defined in section 105(d) (3) (B)).Pub. L. 101–60 § 3(b)(3) · 103 Stat. 157
Inserted · 15 U.S.C. § 3373
Pub. L. 101–60 inserted “, as such section was in effect on January 1, 1989” in four places
Source evidence
Code amendment note
Pub. L. 101–60 inserted “, as such section was in effect on January 1, 1989” in four places.Enacted provision · exact public law section
(3) Section 313 (15 U.S.C, 3373) is amended by inserting “, as such section was in effect on January 1, 1989” after “section 107(c)” both places it appears, and after “section 105(b)(3)(B)” both places it appears.Effective date note
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.
2 of 2 references resolved to an enrolled provision
Editorial Notes
References in Text
Sections 3315 and 3317 of this title, referred to in text, were repealed effective , by Pub. L. 101–60, § 2(b), , 103 Stat. 158.
Amendments
1989—Pub. L. 101–60 inserted “, as such section was in effect on ” in four places.
Statutory Notes and Related Subsidiaries
Effective Date of 1989 Amendment
Amendment by Pub. L. 101–60 effective , see section 3(b) of Pub. L. 101–60, set out as a note under section 3372 of this title.
Credits
1978–1989 · 2 acts
- 1978Pub. L. 95–621, title III, § 313, , 92 Stat. 3392
- 1989Pub. L. 101–60, § 3(b)(3), , 103 Stat. 159.
Show as published
(Pub. L. 95–621, title III, § 313, , 92 Stat. 3392; Pub. L. 101–60, § 3(b)(3), , 103 Stat. 159.)