Equivalent Volumes definition

Equivalent Volumes means the sum of the volumes of gas measured in Dth received by Horizon for the account of Shipper at the Receipt Points during any given period of time: (a) reduced by (i) Shipper's pro rata share of Fuel Gas and Unaccounted For Gas resulting from the operations of Horizon hereunder during the same period of time, and (ii) any gas vented as provided in Section 3.6 hereof during the same period of time; and (b) adjusted for any variations in Btu content, as corrected for any water vapor in excess of five (5) pounds per million (1,000,000) cubic feet of gas, it being the intent of the parties that the volumes of gas delivered hereunder at the Delivery Point after transportation be the thermal equivalent of the volumes of gas delivered at the Receipt Point for transportation, after reduction, correction and adjustment as provided above.
View Source
Equivalent Volumes means the sum of the quantities of Gas measured in Dth received by FEP for the account of a Shipper at the Receipt Points during any given period of time: (a) reduced by (i) that Shipper's share of Fuel Gas and Lost and Unaccounted For Gas, Booster Compression Fuel if applicable and (b) adjusted for any variations in Btu content, as corrected for any water vapor in excess of five (5) pounds per million (1,000,000) cubic feet of Gas, it being the intent of the parties that the quantities of Gas delivered hereunder at the Delivery Point after transportation be the thermal equivalent of the quantities of Gas delivered at the Receipt Point for transportation, after reduction, correction and adjustment as provided above. In determining Equivalent Volumes for redelivery, FEP shall formulate a thermal balance evaluating inputs to, and deliveries from, the System at least once each Month. Fuel Gas, Booster Compression Fuel and Lost and Unaccounted For Gas shall be determined pursuant to Section 36 of these General Terms and Conditions.
View Source
Equivalent Volumes means the sum of the volumes of gas measured in Dth received by Horizon for the account of Shipper at the Receipt Points during any given period of time: (a) reduced by (i) Shipper's pro rata share of Fuel Gas and Unaccounted For Gas resulting from the operations of Horizon hereunder during the same period of time, and (ii) any gas vented as provided in Section 3.6 hereof during the same period of time; and (b) adjusted for any variations in Btu content, as corrected for any water vapor in excess of five (5) pounds per million (1,000,000) cubic feet of gas, it being the intent of the parties that the volumes of gas delivered hereunder at the Delivery Point after transportation be the thermal equivalent of the volumes of gas delivered at the Receipt Point for transportation, after reduction, correction and adjustment as provided above. In determining Equivalent Volumes for redelivery, Horizon shall formulate a thermal balance evaluating inputs to, and deliveries from, the System at least once each month. The difference between Btus delivered to Horizon for transportation from all Shippers and Btus redelivered to all Shippers hereunder, shall be deemed Fuel Gas and Unaccounted For Gas. Each Shipper shall provide such Fuel Gas and Unaccounted For Gas pro rata to the actual Btus of gas delivered by such Shipper to Horizon during the period covered by the thermal balance; provided, however, that each Shipper shall be responsible for Unauthorized Overrun Gas delivered by Shipper to Horizon which is vented under Section 3.6; and provided further that Fuel Gas shall not exceed the actual Fuel Gas as defined in Section 1.10 hereof. The formula used to determine the delivery quantity shall be: [1 - (fuel percent/100)] multiplied by the receipt quantity (rounded to the nearest Dth). For purposes of this formula, the fuel percentage shall reflect lost and unaccounted for gas.
View Source

Examples of Equivalent Volumes in a sentence

  • The parties shall cooperate to balance Thermally Equivalent Volumes of gas as nearly as feasible on a daily basis.

  • In determining Equivalent Volumes for redelivery, KMLP shall formulate a thermal balance evaluating inputs to, and deliveries from, the System at least once each Month.

  • In determining Equivalent Volumes, Natural shall retain gas in kind for Fuel Gas and Gas Lost and Unaccounted For on its system based on the percentage Rates set out in the Currently Effective Rates section of this Tariff and using the following formula: [1 - (fuel percent/100)] multiplied by the receipt quantity (rounded to the nearest Dth) equals the delivery quantity.

  • Likewise, except during conditions of Force Majeure and Normal and Routine Maintenance, the Gathering Facilities will be capable of receiving the MDQ of Shipper’s Residue Gas at the Plant Delivery Point and delivering Thermally Equivalent Volumes, less FL&U, to the Delivery Points.

  • Subject to the terms and conditions of this Agreement including, without limitation, Force Majeure and Normal and Routine Maintenance, Gatherer will accept delivery of up to the MDQ of Shipper’s Low Btu Gas at the Receipt Point(s) and redeliver Thermally Equivalent Volumes, less FL&U, to the inlet of the Plant Receipt Point and receive Shipper’s Residue Gas at the Plant Delivery Point and redeliver Thermally Equivalent Volumes of such Shipper’s Residue Gas, less FL&U, to the Delivery Point(s).

  • Except during conditions of Force Majeure and Normal and Routine Maintenance, the Gathering Facilities will be capable of receiving the MDQ of Shipper’s Low Btu Gas at the Receipt Point(s) and redelivering Thermally Equivalent Volumes, less FL&U, at the Plant Receipt Point.

  • In determining Equivalent Volumes, Horizon shall retain gas in kind for Fuel Gas and Unaccounted For Gas, based on the method set out in Sections 1.8 and 1.10 of the General Terms and Conditions of this Tariff.


More Definitions of Equivalent Volumes

Equivalent Volumes means the quantity of gas measured in Dth received by Natural for the account of Shipper at the Receipt Point(s) during any given period of time: (a) reduced by a percentage for Fuel Gas consumed and a percentage for Gas Lost and Unaccounted For in Natural's system;
View Source

Related to Equivalent Volumes

  • Equivalent Load means the sum of a Market Participant’s net system requirements to serve its customer load in the PJM Region, if any, plus its net bilateral transactions.

  • Carbon dioxide equivalent or "CO2e" means an amount of greenhouse gas or gases expressed as the equivalent amount of carbon dioxide, and is computed by multiplying the mass of each of the greenhouse gases by the global warming potential published for each gas at 40 CFR part 98, subpart A, Table A–1—Global Warming Potentials, and adding the resulting value for each greenhouse gas to compute the total equivalent amount of carbon dioxide.

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Aluminum equivalent means the thickness of type 1100 aluminum alloy affording the same attenuation, under specified conditions, as the material in question.

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.