Examples of Acreage Dedication in a sentence
In order to qualify for the 12 Year Term Committed Rate, a Committed Shipper must be an Acreage Dedication Shipper and have entered into a TGSA with Carrier during the Open Season, with such TGSA having a term of 12 years following the In-Service Date.
The Committed Rates are contract rates available to any Shipper who executes an Acreage Dedication Agreement on or after February 1, 2018 with a term of ten years and a minimum dedication of 100,000 acres (“Contract Shipper”) and to any designated shipper of a Contract Shipper (“Designated Shipper”).
For crude petroleum transported pursuant to an Acreage Dedication Agreement executed with the Carrier on or after February 1, 2018, whereby the Shipper dedicates a cumulative minimum of 100,000 acres, and crude petroleum is delivered to Enterprise Pipeline or Plains Marketing, L.P.’s Terminal at Midland, the rate will not apply.
In order to qualify for the 7 Year Term Committed Rate, an Acreage Dedication Shipper must have entered into a GSA with Carrier, with such GSA having a minimum term of 7 years following the In-Service Date.
For Crude Petroleum transported pursuant to an Acreage Dedication Agreement executed with the Carrier on or after February 1, 2018, whereby the Shipper dedicates a cumulative minimum of 100,000 acres, and Crude Petroleum is delivered to Enterprise Pipeline or Plains Marketing, L.P.’s Terminal at Midland, the rate will not apply.
The “Committed Acreage Dedication Rate” is available to Shippers (1) that have currently effective acreage dedication commitments to the joint tariff system, made during the open season held beginning October, 2016 (“Committed Acreage Dedication Shipper”), (2) that tender Petroleum at the origin points listed in the Table of Local Rates, and (3) that deliver such Petroleum to Bridger Guernsey HUB, Platte County, Wyoming.
For Crude Petroleum transported pursuant to an Acreage Dedication Agreement executed with the Carrier in 2016, whereby the shipper dedicates a minimum of 100,000 acres (“Dedicated Area”), the rate will not apply to the first 175,000 barrels per day transported from MSP Midland, Midland County, Texas to Enterprise Pipeline at Midland, Texas (“Monthly Volume”).
In addition, Shippers that qualify for the Committed Acreage Dedication Rate will have access to up to 150,000 barrels (in aggregate) of storage capacity at the Bridger Guernsey HUB, Wyoming.
In order to qualify for the 10 Year Term Committed Rate, an Acreage Dedication Shipper must have entered into a GSA with Carrier, with such GSA having a minimum term of 10 years following the In-Service Date.
For crude petroleum transported pursuant to an Acreage Dedication Agreement executed with the Carrier in 2016, whereby the shipper dedicates a minimum of 100,000 acres (“Dedicated Area”), the rate will not apply to the first 175,000 barrels per day transported from MSP Midland, Midland County, Texas to Enterprise Pipeline at Midland, Texas (“Monthly Volume”).