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 "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 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.
Examples of Gas Daily Price in a sentence
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.
For Gas produced from the Utica formation in Ohio, the “Midpoint Average” price published in Xxxxx’x Gas Daily Price Guide for “Texas Eastern M-2 Receipts”.
For Gas produced from the Marcellus formation in West Virginia, the “Midpoint Average” price published in Xxxxx’x Gas Daily Price Guide for “Columbia Gas/Appalachia”.
Daily Cash Out Prices The Daily Cash Out Price is the Transco Zone 6 NY mid point price for the date of flow published in Platt’s Gas Daily Price Guide, Daily Price Survey and is reflected as a per dekatherm price.
Market Price is defined as the daily NOVA (AECO-C, NIT) price quoted in Gas Daily Price Survey.
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 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
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 the “Daily Midpoint” price set forth in Gas Daily® (Financial Times Energy), or successor publication, in the column "Daily Price Survey" under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) 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" range of prices under the above column and listing, then the Gas Daily Price shall be the average of such “Common” high and low prices. In the event that no ‘Daily Midpoint” price or “Common” range of prices is published for that particular Gas Day, then the Gas Daily Price shall be the average of the following: the price (determined as stated above) for each of the first Gas Day immediately preceding and following the Gas Day in which the default occurred for which a Gas Daily Price can be determined.
Gas Daily Price means the “Daily Midpoint” price set forth in Gas Daily® (Financial Times Energy), or successor publication, in the column "Daily Price Survey" under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) set forth below 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" range of prices under the above column and listing, then the Gas Daily Price shall be the average of such “Common” high and low prices. In the event that no ‘Daily Midpoint” price or “Common” range of prices is published for that particular Gas Day, then the Gas Daily Price shall be the average of the following: the price (determined as stated above) for each of the first Gas Day immediately preceding and following the Gas Day in which the default occurred for which a Gas Daily Price can be determined. If Gas Daily should publish a daily Midpoint price more specific to the area of the Property, then this daily Midpoint price should be used.
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).
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 the “Midpoint” price per MMBtu of gas for a Delivery Point published in Gas Daily, under the Daily Price Survey (published by the XxXxxx-Xxxx Companies, Inc.) for a Delivery Point and “IF Price” means the price per MMBtu of gas for a Delivery Point as published in the first publication of the month of delivery of Ocean’s Gas in Inside FERC’s Gas Market Report (published by the XxXxxx-Xxxx Companies, Inc.). The prices in Appendix “A” are based on the capacity to flow without constraints. Should Gas become constrained, the Parties shall mutually agree to an alternate price. If the Parties cannot mutually agree to an alternate price for constrained gas within thirty (30) days of a notice by Buyer, Buyer shall release the point from this Agreement effective the 1st day of the subsequent month. If a publication specified above ceases to exist or does not post an index price representative of a Delivery Point(s), then the Parties shall mutually agree to an alternative publication and posting which reflects the market value of Ocean’s Gas at such Delivery Point(s). If the Parties fail to agree on an alternative price, publication and/or posting for a Delivery Point within ten (10) Business Days of a notice by a Party to the other Party that an Index Price fails to exist then the new publication and posting will be determined by the one arbitrator procedure of Article XI.