Title 15 — Commerce and TradeRelease 119-73

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

Title 15 › Chapter CHAPTER 60— - NATURAL GAS POLICY › Subchapter SUBCHAPTER III— - ADDITIONAL AUTHORITIES AND REQUIREMENTS › Part Part B— - Other Authorities and Requirements › § 3373

Last updated Apr 6, 2026|Official source

Summary

You cannot use the price paid in a first sale of high-cost natural gas to figure or adjust any indefinite price escalator clause for first sales of other natural gas. You also cannot use prices paid in sales allowed under section 3362(a) or under orders issued in section 3363(b), (c), (d), or (g). High-cost natural gas — see section 3317(c) as of January 1, 1989. Indefinite price escalator clause — see section 3315(b)(3)(B) as of January 1, 1989.

Full Legal Text

Title 15, §3373

Commerce and Trade — Source: USLM XML via OLRC

(a)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)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,

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 3315 and 3317 of this title, referred to in text, were repealed effective Jan. 1, 1993, by Pub.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

Effective Date

of 1989 AmendmentAmendment 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.

Reference

Citations & Metadata

Citation

15 U.S.C. § 3373

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73