Commodity Charge Sample Clauses
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. 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. Unless Utility elects to lock a fixed price with UGIES in accordance with paragraph (b), below, Utility shall not be obligated to purchase or receive any Natural Gas from UGIES under this Agreement. For all quantities of Natural Gas sold and delivered by UGIES, Utility shall pay a Commodity Charge, which shall be determined according to the following alternatives:
(a) For all quantities of Natural Gas, up to the Transco MDQ, delivered to Utility's city gate made pursuant to a Month-Ahead Nomination, Utility shall pay a Commodity Charge equal to the published Platts Inside FERC index price for Transco, Xxxxx Line Receipts, plus the Transco Firm Transportation maximum tariff rates for fuel and commodity on deliveries from Zone 6 to Zone 6.
(b) For all quantities of Natural Gas, up to the Tennessee or UGIES Union Xxxx MDQ, delivered to Utility's city gate made pursuant to a Month-Ahead Nomination, Utility shall pay a Commodity Charge equal to the published Platts Inside FERC index price for Tennessee Gas Pipeline’s (“Tennessee”) Xxxx 0, 000 Xxx, plus the Tennessee Firm Transportation maximum tariff rates for fuel and commodity on deliveries from Zone 4 to Zone 4.
(c) For all quantities of Natural Gas, up to the Transco MDQ, delivered to Utility's city gate made pursuant to a Day-Ahead Nomination, Utility shall pay a Commodity Charge equal to the published Platts Gas Daily Midpoint index price for Transco, Xxxxx Line Receipts, plus the Transco Firm Transportation maximum tariff rates for fuel and commodity on deliveries from Xxxx 0 xx Xxxx 0.
(x) For all quantities of Natural Gas, up to the Tennessee or UGIES Union Xxxx MDQ, delivered to Utility's city gate made pursuant to a Day-Ahead Nomination, Utility shall pay a Commodity Charge equal to the published Platts Gas Daily Midpoint index price for Tennessee’s Zone 4, 300 leg, plus the Tennessee Firm Transportation maximum tariff rates for fuel and commodity on deliveries from Zone 4 to Zone 4.
(e) Utility will have the right at any time to lock in a fixed Commodity Charge for any term and quantity up to the MDQ throughout the Agreement term. 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 Utility may lock in a fixed Commodity Charge shall equal the MDQ less any quantities pre...
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 "PEPL Oklahoma", 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. Subject to clause 14.7, the Commodity Charge will be calculated for each Gas Day during the Period of Supply by calculating the multiple of the P1 Commodity Tariff and each GJ of Gas Delivered to the Shipper up to Contracted Capacity for P1 Services at all Outlet Points by the Operator on that Gas Day.
Commodity Charge. All gallons consumed per quarter @ $4.826 per thousand gallons ($3.6048 per hundred cubic feet).
Commodity Charge. The Commodity Charge for Gas sold and purchased each Month shall equal the Commodity Charge Index for such Month.
Commodity Charge. In addition to the Reservation Fee, Buyer shall pay a Commodity Charge per MMBtu of Gas received by Buyer from Seller at the Point(s) of Sale during each Month throughout the Term of Contract. The Commodity Charge shall be determined as set forth in 5.1.2 below: