Gas Daily Price means the "Daily Midpoint" price stated in Gas Daily® (Pasha Publications, Inc.), or successor publication, in the column "Daily Price Survey" for the relevant Gas Day. If there is no single "Daily Midpoint" price published for that particular Gas Day, but there is published a "Common" price range under such column and listing, then the Gas Daily Price shall be the average of such "Common" high and low prices.
Gas Daily Price means the midpoint price stated in the Platts Daily Price Guide or successor publication for the applicable Index Gas Price as referenced in Exhibit A.
Gas Daily Price means the arithmetic average of (1) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide, "Daily Price Survey" under "City Gates", "Texas Eastern, zone M-3" on the applicable Call Day and (2) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Transco, zone 6 N.Y." on the applicable Call Day. Section 2.3. In the event NJEA fails to deliver any of the Call Volume that it is obligated to deliver hereunder (such undelivered Call Volume hereinafter referred to as the "Call Volume Shortfall"), then PSE&G shall invoice NJEA for the associated Cover Damages in accordance with Sections 9.1.3, 9.1.4, 9.2, 9.4 and 9.5 of the Agreement. "Cover Damages" for any Call Volume Shortfall means an amount equal to the positive difference, if any, between (a) the Replacement Price ($/Dth) multiplied by the Call Volume Shortfall (in Dth), minus (b) the amount that PSE&G would have paid pursuant to Section 2.2 had the Call Volume Shortfall been delivered. For purposes of this Section 2.3, (1) if PSE&G purchases replacement gas in the amount of the Call Volume Shortfall ("the Replacement Call Volume"), then the "Replacement Price" means the price ($/Dth) at which PSE&G, acting in a commercially reasonable manner, purchases the Replacement Call Volume, plus transaction and other administrative costs reasonably incurred by PSE&G in purchasing such Replacement Call Volume and (2) if PSE&G does not purchase Replacement Call Volume for any reason, then the "Replacement Price" means the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Transco, zone 6 N.Y." on the applicable Call Day. The damages provided in this Section 2.3 shall be the sole and exclusive remedy of PSE&G for any Call Volume Shortfall. The monthly invoice for Cover Damages with respect to a Call Volume Shortfall shall include a written statement detailing the volume, source and Replacement Price of all Replacement Call Volume.
Examples of Gas Daily Price in a sentence
The market price of gas shall be: A weighted average price equal to the product of the percentage weightings and the midpoint gas price for Transco Zone 6-NY, Texas Eastern Transmission (Tetco M3), and Iroquois Gas Transmission System (Z2) for the applicable diverted gas flow day as published by Platts in the Gas Daily Price Guide.
The Company’s applicable firm sales rate ORb. Winter (November – March) – 135% of the Algonquin Citygates Monthly Contract Index price or 135% of the Tennessee Zone 6 (delivered) Monthly Contract Index price published in the Gas Daily Price Guide.
Summer (April – October) – 115% of the Algonquin Citygates Monthly Contract Index price or 115% of the Tennessee Zone 6 (delivered) Monthly Contract Index price published in the Gas Daily Price Guide.
For any month during the term of this Contract for which Exhibit A pricing is not in effect, all natural gas supplied to Receiving Agency will be sold per MMBtu at a price equal to the total sum of: the greater of (i) the first of the month Index Price for the month of flow times 120% or (ii) the average of the Gas Daily Price relative to the referenced Index Price for the month of flow times 120%, plus (a) the Contract Maintenance Fee, and (b) the System Operating Expenses.
The market price of gas shall be: Equal to the product of the percentage weightings (see page 56) and the midpoint gas price for Transco Zone 6-NY, Texas Eastern Transmission (Tetco M3), and Iroquois Gas Transmission System (Z2) for the applicable diverted gas flowday as published by Platts in the Gas Daily Price Guide.
More Definitions of Gas Daily Price
Gas Daily Price means the daily price (expressed as the number of U.S. Dollars per MMBtu) of Natural Gas at the California-Arizona border, as published by Pasha Publications, Inc.’s Gas Daily, and any successor thereto, for each day during the relevant Determination Period, for such day, located in the “Daily Price Survey” table, under the headings “Midpoint: Others: SoCal gas, large packages (Deliveries at Topock, Daggett, Blythe, Needles, Ehrenberg)” For the avoidance of doubt, in the event that the Cash Settlement Amouunt for any Determination Period, calculated as set forth above, is equal to or less than zero, the Cash Settlement Amount for such Determination Period shall equal zero, and no payment shall be due by either Company or Counterparty. Contractual Currency: U.S. Dollars Governing Law: Texas General Terms and Conditions of Confirmations: The general terms and conditions contained in Annex A attached hereto and made a part hereof apply and are incorporated herein by reference Credit or Other
Gas Daily Price means the daily price (expressed as the number of U.S. Dollars per MMBtu) of Natural Gas at the California-Arizona border, as published by Pasha Publications, Inc.’s Gas Daily, and any successor thereto, for each day during the relevant Determination Period, for such day, located in the “Daily Price Survey” table, under the headings “Midpoint: Others: SoCal gas, large packages (Deliveries at Topock, Daggett, Blythe, Needles, Ehrenberg)” For the avoidance of doubt, in the event that the Cash Settlement Amount for any Determination Period, calculated as set forth above, is equal to or less than zero, the Cash Settlement Amount for such Determination Period shall equal zero, and no payment shall be due by either Company or Counterparty. Contractual Currency: U.S. Dollars Governing Law: Texas General Terms and Conditions of Confirmations: Subject to the Credit or Other Special Provisions, Tthe general terms and conditions contained in Annex A attached hereto and made a part hereof apply and are incorporated herein by reference Credit or Other
Gas Daily Price shall m ean the m idpoint price stated in the Platts Daily Price Guide or successor publication for the applicable Index Gas Price as referenced in Exhibit A.
Gas Daily Price means the Gas Daily High Price, the Gas Daily Midpoint Price, or the Gas Daily Low Price, as the case may be.
Gas Daily Price means, for any Day, the arithmetic average of (i) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Texas Eastern, zone M-3" and (ii) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Transco, zone 6 N.Y." (K) Add "Gas Day" means a period of consecutive hours beginning 10:00 a.m. (Eastern Prevailing Time) and ending 10:00 a.m. (Eastern Prevailing Time) the following calendar day. (L) Add "NJBPU" means the New Jersey Board of Public Utilities. (M) Add "NJEA Exposure" means, as of any Business Day (i) the total of amounts currently accrued, owing and not yet paid from PSE&G to NJEA pursuant to this Agreement. (N) Add "NJEA Guarantee(s)" means one or several documents reasonably acceptable to PSE&G that guarantees NJEA's performance under this Agreement. (O) Add "NJEA Guarantor" means an entity that provides an NJEA Guarantee. (P) Add "NJEA Threshold" means, as of any Business Day the total aggregate limit of liability in force and effect as of such Business Day with NJEA Guarantors, plus $1,000,000. In the event the credit rating of an NJEA Guarantor falls below that of investment grade by a major rating agency, or if PSE&G has reasonable grounds for insecurity as to the ability of an NJEA Guarantor to perform its obligations under the NJEA Guarantee it has issued, the NJEA Threshold shall be decreased by the amount of the guaranty provided by said NJEA Guarantor. (Q) Add "Performance Assurance" means (i) cash, or (ii) letters of credit from a Qualified Institution and in a form reasonably acceptable to PSE&G, or (iii) additional guarantees or other performance assurances reasonably acceptable to PSE&G. (R) Add "Qualified Institution" means a commercial bank or trust company organized under the laws of the United States or a political subdivision thereof, having assets of at least $10 billion and a minimum "A" senior unsecured debt rating (or, if unavailable, corporate issuer rating discounted one notch) from S&P or "A2" from Xxxxx'x. (S) Add "Texas Eastern" has the meaning given in Section 6.1.3. (T) Add "Transco" has the meaning given in Section 6.1.3. (U) Add "Transfer Deadline" means (i) with respect to a demand for posting or return of Performance Assurance received on or before 1 p.m. (Eastern Prevailing Time), the close of the next following Business Day, and (ii) with respect to a demand for posting or retu...
Gas Daily Price means, for the purpose of determining the payment owed by a Party to the other Party for failure to deliver or receive Gas, as set forth in Article 9, the daily Midpoint price listed in Gas Daily under the table "Daily Price Survey" for production from the same region and pipeline as the Delivery Point(s) specified in the relevant Transaction(s).