Cost of Gas Sample Clauses

Cost of Gas. The Cost of Gas shall be calculated as follows: CGm = [MACGm or AOCGm ] * Xxxx Where:
Sample 1
AutoNDA by SimpleDocs
Cost of Gas. The cost of gas per dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below: Cost of Gas = _ x T S Where:' p Total cost of natural gas (processed or unprocessed) vaporized liquid natural gas, synthetic gas, propane-air mixture, landfill gas, or other source of methane gas or any mixture of these gases entering the Seller's system during the current month in dollars. D The cost of gas attributable to all sales made by Seller to Buyers under an interruptible rate or contract where the Buyer has alternative fuel capability and has certified to the Seller the as-fired price of its alternative fuel such that Seller could not supply gas at a price that is competitive and service is provided by Seller under the competitive pricing provisions of the rate or contract. S Total gas entering the Seller's system during the current billing month excluding gas sold under D above times the annual sales factor which will be determined by dividing total annual sales recorded in Accounts 480 through 483 plus distribution gas used in electric generation by the total annual gas entering the Seller's system. The annual sales factor shall be computed for the twelve months ending each March and applied beginning with the first billing cycle of the following May each year. T = Adjustment for revenue related Taxes plus one (1)
Sample 1
Cost of Gas. The company’s cost of natural gas includes both fixed and variable components. The company pays the fixed costs or “demand charges” to pipeline companies for system capacity needed to transport and store natural gas. The company pays the variable costs, or the cost of the natural gas commodity itself, to natural gas producers. Variations in the company’s cost of gas expense result from changes in gas sales volumes, the price of the gas purchased and the level of gas costs collected through the operation of firm gas cost recovery mechanisms. Under these regulated recovery mechanisms, the company defers the difference between the firm gas costs it pays and the gas costs recovered from customers. In subsequent periods, the company recovers from, or refunds to, customers any differences. Therefore, increases or decreases in the cost of gas associated with sales made to firm customers have no effect on net revenues and net income. The company’s average cost of gas on a per therm basis, excluding the cost and related volumes applicable to sales made outside of the company’s service territory, increased to 42.29¢ in fiscal year 2000 from 36.43¢ in fiscal year 1999. The increase reflects higher commodity gas prices in the current year. The commodity cost of gas invoiced to the company was 31.71¢ and 23.40¢ per therm for fiscal years 2000 and 1999, respectively. This increase reflects the higher market prices incurred during fiscal year 2000. The company’s average cost of gas on a per therm basis decreased 2.52¢ per therm in fiscal year 1999 from 38.95¢ in fiscal year 1998. The decrease resulted primarily from lower commodity gas prices during most of fiscal year 1999. The average commodity cost of gas invoiced to the company in fiscal year 1999 also decreased 4.73¢ from 28.13¢ per therm in fiscal year 1998 because of continuing warmer-than-normal winter weather, which resulted in a surplus of natural gas in the marketplace that depressed natural gas commodity prices. In response to the surplus of low-cost gas during fiscal year 1999, a number of natural gas producers curtailed their production, which contributed to a decline in the availability and an increase in the price of natural gas in the marketplace during fiscal year 2000. Other Utility Operating Expenses Operation and maintenance expenses declined $23.7 million or 11.8 percent in fiscal year 2000 and increased $435,000 or 0.2 percent in fiscal year 1999 over the prior years’ results. The reduction in oper...
Sample 1
Cost of Gas. The cost of gas per dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below: Cost of Gas = _ x T S Where: V Total cost of natural gas (processed or unprocessed) vaporized liquid natural gas, synthetic gas, propane-air mixture, landfill gas, or other source of methane gas or any mixture of these gases entering the Seller's system during the current month in dollars. D The cost of gas attributable to all sales made by Seller to Buyers under an interruptible rate or contract where the Buyer has alternative fuel capability and has certified to the Seller the as-fired price of its alternative fuel such that Seller could not supply gas at a price that is competitive and service is provided by Seller under the competitive pricing provisions of the rate or contract.
Sample 1
Cost of Gas. The cost of gas 3er dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below. Cost of Gas = (C-D) S. Where:
Sample 1
Cost of Gas. The cost of gas per dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below. Cost of Gas = (C-D_._ S Where: C= Total commodity cost of natural gas (processed or unprocessed) vaporized liquid natural gas, synthetic gas, propane-air mixture, landfill gas or other source of methane gas or any mixture of these gases entering the Seller's system during the current month in dollars, The cost of gas attributable to all sales made by Seller to Buyers under an interruptible rate or contract where the Buyer has alternative fuel capability and has certified to the Seller the as-fired price of its alternative fuel such that Seller could not supply gas at a price that is competitive and service is provided by Seller under the competitive pricing provisions of' the rate or contract. Total gas entering the Seller's system during the current billing month excluding gas sold under D above. Units of measurement will be Dekatherms. SOUTH CAROLINA ELECTRIC & GAS COMPANY GENERAL TERMS AND CONDITIONS TO INDUSTRIALSERVICE AGREEMENTS FOR GAS JANUARY 1, 1985 ORIGINAL These Terms and Cond_ons to IndustrialService Agreementsare supplementaryto the Rules and Regulationsissued by the Public Service Commissionof South Carolifiaand the GeneralTerms and Conditionsof South CarolinaElectric& Gas Companyas providedbythe PublicServce Commissionof South Carolina. The provision of these Termsand Conditionsapplyto all persons,partnerships,corporationsor othersdesignatedas industrial users who are lawfully receivinggas servicefrom South CarolinaElectric & Gas Companyunderrate schedulesorserviceagreementsfiled with the Commission. South Carolina Electric& Gas Companyis referredto hereinas "Seller', andthe user or prospectke, useris referredto as "Buyer". The Public:Service Commissionof SouthCarolinais referredto hereinas 'Commission". ArticleII DEFINITIONS Exceptwherethecontextotherwiseindicatesanotherordifferentmeaningor intentt,he followingtermsareintendedandusedandshallbe construedto havemeaningasfollows:
Sample 1
Cost of Gas. Cost of gas as reported by the utility includes gas purchases, gas withdrawn from storage inventory, gains and losses from commodity xxxxxx, pipeline demand costs, seasonal demand cost balancing adjustments, regulatory gas cost deferrals, gas reserves costs, and company gas use. The OPUC and WUTC generally require natural gas commodity costs to be billed to customers at the actual cost incurred, or expected to be incurred, by the utility. Customer rates are set each year so that if cost estimates were met we would not earn a profit or incur a loss on gas commodity purchases; however, in Oregon we have an incentive sharing mechanism which has been described under "Regulatory Matters—Rate Mechanisms—Purchased Gas Adjustment" above. In addition to the PGA incentive sharing mechanism, gains and losses from hedge contracts entered into after annual PGA rates are effective for Oregon customers are also required to be shared and therefore may impact net income. Further, we also have a regulatory agreement whereby we earn a rate of return on our investment in the gas reserves acquired under the original agreement with Encana and include gas from our amended gas reserves agreement at a fixed rate of $0.4725 per therm, which are also reflected in utility margin. See "Application of Critical Accounting Policies and Estimates—Accounting for Derivative Instruments and Hedging Activities" below. Cost of gas highlights include: Dollars and therms in millions 2017 2016 2015 Cost of gas $ 325.0 $ 260.6 $ 327.3 Volumes sold (therms) 831 693 660 Average cost of gas (cents per therm) $ 0.39 $ 0.38 $ 0.50 Gain from gas cost incentive sharing 1.2 4.0 3.2 2017 COMPARED TO 2016. Cost of gas increased $64.4 million, or 25%, primarily due to the 20% increase in volumes sold due to colder than average weather in 2017 compared to warmer than average weather in 2016, and customer growth. 2016 COMPARED TO 2015. Cost of gas decreased $66.7 million, or 20%, reflecting lower natural gas prices and resulting in a $19.4 million credit to customers, partially offset by a 5% increase in volume mainly from comparatively colder weather in the first quarter and December 2016. The effect on net income from our gas cost incentive sharing mechanism resulted in a margin gain of $1.2 million, $4.0 million and $3.2 million for 2017, 2016 and 2015, respectively, as actual prices were lower than the estimated prices included in customer rates due to national warmer than average weather, which resulted i...
Sample 1
AutoNDA by SimpleDocs

Related to Cost of Gas

  • Cost of Metering The Issuer shall not be obligated to pay any costs associated with the routine metering duties set forth in this Section 2, including the costs of installing, replacing and maintaining meters, nor shall the Issuer be entitled to any credit against the Servicing Fee for any cost savings realized by the Servicer as a result of new metering and/or billing technologies.

  • COST OF THE WORK § 6.1 For purposes of this Agreement, the Cost of the Work shall be the total cost to the Owner to construct all elements of the Project designed or specified by the Architect and shall include contractors’ general conditions costs, overhead and profit. The Cost of the Work also includes the reasonable value of labor, materials, and equipment, donated to, or otherwise furnished by, the Owner. The Cost of the Work does not include the compensation of the Architect; the costs of the land, rights-of-way, financing, or contingencies for changes in the Work; or other costs that are the responsibility of the Owner.

  • CONTRACT YEAR A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Cost of Living Adjustment For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W (defined below) or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to both parties. As used herein, “CPI-W” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-84=100), as published by the United States Department of Labor, Bureau of Labor Statistics.

  • Cost of Collection If default is made in the payment of this Note, Borrower shall pay the Holder hereof reasonable costs of collection, including reasonable attorneys' fees.

  • Cost of Living Increase The Salary shall be increased in respect of each year during the Employment Period commencing on the Effective Date by a percentage equal to the percentage increase, if any, in the consumer price index, all items for Vancouver, as published by Statistics Canada under the authority of the Statistics Act (Canada) (the “CPI”), for the immediately preceding year.

  • Base Monthly Rent Commencing on the Commencement Date and continuing throughout the Lease Term, Tenant shall pay to Landlord the Base Monthly Rent set forth in Section K of the Summary.

  • Floor Load Tenant shall not place a load upon any floor of the Premises that exceeds 50 pounds per square foot “live load”. Landlord reserves the right to reasonably designate the position of all Equipment which Tenant wishes to place within the Premises, and to place limitations on the weight thereof.

  • Minimum Monthly Rent Tenant shall pay minimum monthly rent (“Minimum Monthly Rent”) in the initial amount stated in Section 1.5, which amount shall be subject to increase as provided in Sections 1.5 and 4.3. Tenant shall pay the Minimum Monthly Rent on or before the first day of each calendar month, in advance, at the office of Landlord or at such other place designated by Landlord, without deduction, offset or prior demand. If the Commencement Date is not the first day of a calendar month, the rent for the partial month at the beginning of the Lease Term shall be prorated on a per diem basis and shall be due on the first day of such partial month. Upon execution of this Lease, Tenant shall pay the first month’s Minimum Monthly Rent to Landlord.

  • Manufacturing Costs Patheon shall be allowed to adjust the Fees: (i) for costs associated with the conversion of Granulations and Components into Drug Product (the “Conversion Costs”) in respect of the Drug Product based on the most recently available final Producers’ Price Index for Pharmaceutical Product as published by the U.S. Bureau of Labor Statistics or any governmental successor thereto (“PPI”) using the procedure set forth in Section 4.3 and (ii) for Component Costs to pass on the actual amount of any increase or decrease in such costs without xxxx-up. For each Contract Year in which Patheon is entitled to adjust the Fees Patheon shall provide Client with written notice of any change in the Fees within 30 days of receipt by Patheon of the Annual Forecast. The Parties agree that the Fees shall not be adjusted more than once per Contract Year, however this limitation shall not include price adjustments under section 4.3 or 4.4. In addition, notwithstanding anything herein to the contrary, Manufacturing Fees associated with Conversion Costs shall not be increased by greater than [***]% per annum in any Contract Year during the Term. There shall be no similar limitation in terms of increases in Component Costs which shall be passed on to Client in an amount equal to the actual increase paid by Patheon without markup.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!