What is the difference between the Fuel Index Price (FIP) and the Fuel Oil Price (FOP)?
FIP: The midpoint price expressed in dollars per million British Thermal Units ($/MMBtu), published in Gas Daily, in the Daily Price Survey, under the heading “East-Houston-Katy, Houston Ship Channel.” The Gas Daily indicates which flow dates the prices are effective. FOP: The sum of five cents plus the average of the Platts Oilgram Price Report for U.S. Gulf Coast, pipeline No. 2 oil, converted to dollars per million British Thermal Units ($/MMBtu). The Platts Oilgram Price Report indicates which Operating Days the prices are effective.
