Commodity Charge. Unless the Utility elects to lock a fixed price with GASMARK in accordance with Section 5.2(b), Utility shall not be obligated to purchase or receive any Natural Gas from GASMARK under this Agreement. For all quantities of Natural Gas sold and delivered by GASMARK, Utility shall pay a commodity charge, which shall be determined pursuant to the following alternatives:
(a) For deliveries made pursuant to a Nomination, up to the MDQ, MHQ and TWE, the commodity charge for the quantity delivered shall be equal to the sum of: (i) the NYMEX settlement price for the month of delivery; plus (ii) a commodity adder equal to the NYMEX settlement price multiplied by .1628, which adder shall cover applicable fuel and commodity charges to the Delivery Points.
(b) Utility shall have the right at any time to lock-in a fixed commodity charge for all or a portion of the Total Winter Entitlement, for delivery during a future month of the Winter Season. The commodity charges for locked-in quantities shall be as agreed to by the Parties based on prevailing market conditions at the time the lock-in is made. Utility’s right to lock in a quantity of Natural Gas shall be limited as follows:
(i) The maximum quantity of Natural Gas for which the Utility may lock in a fixed commodity charge shall equal the TWE less any quantities already delivered during the Winter Season and any quantities previously locked in for the Winter Season.
(ii) Unless otherwise agreed, Utility shall notify GASMARK of its intention to lock-in the commodity charge by no later than 10:00 a.m. on the last trading day for the NYMEX natural gas contract to the month in which such lock-in will apply. Such notice shall identify the quantity of Natural Gas to be locked in. GASMARK will promptly communicate to Utility any limitations on the lock-in quantity identified in Utility’s notice, and the Parties will utilize commercially reasonable efforts to facilitate the lock in to the extent practicable.
(iii) If Utility has locked in a fixed price, Utility shall be required to purchase and take delivery of the quantity of Natural Gas for which a locked-in price is established.
(c) Utility may elect to purchase a call option from GASMARK, which shall give Utility the right, but not the obligation to purchase Natural Gas supply from GASMARK during a future month at a fixed price. The option quantity, option fee and strike price shall be agreed to by Utility and GASMARK
(d) The charges determined in accordance with sub-par...
Commodity Charge. All gallons consumed at $$2.956 per thousand gallons ($2.206 per hundred cubic feet). Consumption billed in July and October of each year.
Commodity Charge. (i) The commodity charge, if any, will be calculated by dividing the Variable Costs in the cost of service for the Terminal Expansion by the total LTD Expansion Service annual commodity quantities (292,000,000 Dth = 365 days x MDDQ).
(ii) The commodity charge, if any, produced by Operator’s calculations in Sections 5.2(a), 5.2(b) and 5.2(c)(2)(i) will not exceed the maximum commodity charge then otherwise applicable to service under Rate Schedule LTD-1, as if LTD-1 rate were designed on a straight fixed variable basis.
Commodity Charge. Unless the Utility elects to lock a fixed price with UGI ES in accordance with paragraph (g), below, Utility shall not be obligated to purchase or receive any Natural Gas from UGI ES under this Agreement. For all quantities of Natural Gas sold and delivered by UGI ES, Utility shall pay a commodity charge, which shall be determined pursuant to the following alternatives:
(a) For all quantities up to 25,875 dth per day nominated on a month-ahead basis to PNG’s Transco Master Meter, PNG shall pay the published Xxxxx’x Inside FERC price for Transco Xxxxx Line Receipts for the month of delivery plus $0.10 plus the applicable Transco maximum tariff rates for fuel and commodity on delivered quantities from Zone 6 to Zone 6.
(b) For all quantities up to 26,120 dth per day nominated on a month-ahead basis to a new interconnection with PNG’s distribution system, PNG shall pay the published Xxxxx’x Inside FERC price for Tennessee Zone 4, 300 leg for the month of delivery plus the applicable Tennessee maximum tariff rates for fuel and commodity on delivered quantities from Zone 4 to Zone 4.
(c) For all quantities up to 25,875 dth per day nominated on a day-ahead basis to PNG’s Transco Master Meter, PNG shall pay the published Xxxxx’x Gas Daily price for Transco Xxxxx Line Receipts on the day of delivery plus $0.10 plus the applicable Transco maximum tariff rates for fuel and commodity on delivered quantities from Zone 6 to Zone 6.
(d) For all quantities up to 26,120 dth per day nominated on a day-ahead basis to a new interconnection with PNG’s distribution system, PNG shall pay the published Xxxxx’x Gas Daily price for Tennessee Zone 4, 300 leg on the day of delivery plus the applicable Tennessee maximum tariff rates for fuel and commodity on delivered quantities from Zone 4 to Zone 4.
(e) For all quantities up to 25,875 dth per day nominated on an intraday basis to PNG’s Transco Master Meter, PNG shall pay the published Xxxxx’x Gas Daily price for Transco Xxxxx Line Receipts on the day of delivery plus $0.10 plus the applicable Transco maximum tariff rates for fuel and commodity on delivered quantities from Zone 6 to Zone 6.
(f) For all quantities up to 26,120 dth per day nominated on an intraday basis to a new interconnection with PNG’s distribution system, PNG shall pay the published Xxxxx’x Gas Daily price for Tennessee Zone 4, 300 leg on the day of delivery plus the applicable Tennessee maximum tariff rates for fuel and commodity on delivered quantities from Zone...
Commodity Charge. All cubic feet consumed per quarter at $1.586 per hundred cubic feet ($2.119 per thousand gallons), up to a specified threshold determined by meter size.
Commodity Charge. All gallons consumed at $4.826 per thousand gallons ($3.6048 per hundred cubic feet). Consumption billed in July and October of each year.
Commodity Charge. Buyer shall pay to Seller each Contract Month an amount determined by multiplying the quantities of gas actually delivered to Buyer under this Agreement at the Receipt Point(s) during the Contract Month, up to the quantity nominated by Buyer, by a price per MMBtu determined using the first monthly index for Inside FERC's GAS MARKET REPORT, for Texas Gas Zone SL, for the applicable month, which price shall be deemed to be a delivered price to the Receipt Point(s), inclusive of actual transportation charges (including ACA, GRI, fuel, all applicable surcharges, gathering costs, transition costs, and take or pay, or other costs, if any) from the wellhead to the Receipt Point(s), and shall include all royalties and all present and future production, delivery, severance, excise taxes, and all other costs of delivery to the Receipt Point(s). If a Receipt Point(s) other than mainline Receipt Point(s) is used, any gathering, transportation or other costs imposed on Buyer to transport the Gas to Transporter's mainline shall be deducted from the Commodity Charge.
Commodity Charge. The effective Maximum Commodity Tariff Rate on file with the FERC for service under Operator’s Rate Schedule FTS (firm transportation) multiplied by each Dth delivered for Customer’s account during the month. No Commodity Charge will be assessed for Authorized Excess Withdrawal Quantities.
Commodity Charge. A charge equal to the “Commodity Charge Rate” times:
(i) the quantity of gas injected or withdrawn from storage hereunder pursuant to a valid Nomination, plus
(ii) the Fuel Ratio Requirement.
Commodity Charge. The Commodity Charge is a charge for generation. The applicable hourly Commodity Charge (Credit) shall be applied on an hour by hour basis to Customer's incremental (decremental) usage from the CBL. Charge (Credit) For Each kW Per Hour From The CBL: For kWht above the CBLt , CCt = MVGt x LAF For kWht below the CBLt , CCt = MVGt x 80% x LAF Where: LAF = loss adjustment factor = 1.0530 for Rate TT = 1.0800 for Rate DP and Rate DT = 1.1100 for Rate DS MVGt = Market Value Of Generation As Determined By Company for hour t The MVGt will be based on the expected market price of capacity and energy for the next day. The expected market price shall be the PJM Day-Ahead Total Locational Marginal Price for power at the DEK Aggregate price node, inclusive of the energy, congestion and losses charges, for each hour. The kW per hour incremental or decremental usage from the CBL shall be adjusted to reflect applicable metering adjustments under the standard Rate Schedule. The hourly Energy Delivery Charge is a charge for using the transmission and distribution system to deliver energy to the Customer. The applicable hourly Energy Delivery Charge (Credit) shall be applied on a hour by hour basis to Customer's incremental (decremental) usage from the CBL. Charge (Credit) For Each kW Per Hour From The CBL Secondary Service $0.018119 per kW Per Hour Primary Service $0.014956 per kW Per Hour Transmission Service $0.006575 per kW Per Hour The kW per hour incremental or decremental usage from the CBL shall be adjusted to reflect applicable metering adjustments under the standard Rate Schedule. The kW per hour incremental or decremental usage from the CBL shall be adjusted to reflect applicable metering adjustments under the standard Rate Schedule. The following riders are applicable pursuant to the specific terms contained within each rider: Sheet No. 76, Rider ESM, Environmental Surcharge Mechanism Rider Sheet No. 78, Rider DSMR, Demand Side Management Rider Sheet No. 82, Rider PSM, Profit Sharing Mechanism Company will provide Internet based communication software to be used to provide Customer with the Price Quotes. Customer will be responsible for providing its own Internet access. A charge of $183.00 per billing period per site shall be added to Customer's bill to cover the additional billing, administrative, and cost of communicating the hourly Price Quotes associated with the RTP Program. Customer may purchase from either Company or any other third-party suppliers any ot...
