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

(a) 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 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 transactions

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,

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.)

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Sections 3315 and 3317 of this title, referred to in text, were repealed effective Jan. 1, 1993, by Pub.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

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.

¹See References in Text note below.