Examples of Critical Period in a sentence
A Critical Period is a period of operational stress or impending potential stress that may impact the integrity of Distribution's system or a force majeure event.
Company shall not be obligated to deliver a greater volume of gas to the Delivery Point than it received at the Receipt Point for Shipper’s account, as indicated by the upstream delivering pipeline, until such time as Company determines that the Critical Period Event no longer exists.
An imbalance that occurs following notice of a Critical Period Event may not be carried forward for clearing during the month, but instead may, at the Company’s option, be cashed out based on the Critical Period Price.
Amounts greater than 5% will be cashed out at a rate equal to 150% of the Critical Period Price for the day in which the deficiency occurred.
The first 5% of under-delivered volumes will be cashed out at the Critical Period Price.