All participants who have outstanding obligations for these delivery months should commence nomination procedures in conformance with prescribed practices of Sabine, Gulf South, and Columbia Gulf. Any remaining September and October natural gas obligations should commence and complete ratable delivery in the calendar month of October 2005.
The timing of payment as it relates to the September deliveries will be extended to those consistent with October delivery due to the extension of the delivery period. Timing of payment for October deliveries will be consistent with standard contract requirements.
All parties have available now, as always, the ability to mutually agree to execute an alternative delivery procedure pursuant to NYMEX rule 220.17(A) for the September and October 2005 delivery obligations.
The Exchange notes that the force majeure declaration issued by Sabine Pipeline, the operator of the Henry Hub in Louisiana that became effective at 1:00 p.m. Central time on September 22, has been lifted by Sabine with regard to the Gulf South and Columbia Gulf interconnections at the Henry Hub.
