Good Gas Industry Practice definition

Good Gas Industry Practice means the practices, methods and acts that would reasonably be expected from experienced and competent persons engaged in a business of providing natural gas services in Australia, acting with all due skill, diligence, prudence and foresight and in compliance with all applicable legislation, authorisations and industry codes of practice.
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Good Gas Industry Practice means the practices, methods and acts engaged in or approved by a firm or body corporate which, in the conduct of its undertaking, exercises that degree of due diligence, prudence and foresight reasonably and ordinarily exercised by skilled and experienced persons engaged in providing services to the Australian gas industry under the same or similar circumstances and conditions, and includes complying with the terms of this Contract and taking reasonable steps to ensure that:
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Good Gas Industry Practice means the exercise of that degree of diligence, skill, prudence and foresight that reasonably would be expected from a significant proportion of operators of LPG distribution systems forming part of the Australian LPG supply industry under conditions comparable to those applicable to the distribution system operated by the licensee consistent with the Gas Act, industry codes or industry rules, reliability, safety and environmental factors;
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Examples of Good Gas Industry Practice in a sentence

  • The Operator must use commercially reasonable efforts to implement and maintain security systems and procedures designed to prevent unauthorised access to the Trading System in accordance with Good Gas Industry Practice.

  • Subject to this clause 25.1, Force Majeure means any event or circumstance (or combination of events and/or circumstances) the occurrence of which is beyond the reasonable control of the party seeking to rely on it (acting and having acted in accordance with Good Gas Industry Practice).


More Definitions of Good Gas Industry Practice

Good Gas Industry Practice means practices, methods and systems which accord with best gas industry practice including:
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Good Gas Industry Practice means the practices, methods and acts that would reasonably be expected from experienced and competent persons engaged in the business of providing natural gas services in Australia, acting with all due skill, diligence, prudence and foresight and in compliance with all applicable legislation (including these rules), authorizations and industry codes of practice.”
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Good Gas Industry Practice means the practices, methods and acts that would reasonably be expected from experienced and competent persons engaged in the business of providing natural gas services in Australia, acting with all due skill, diligence, prudence and foresight and in compliance with all applicable legislation (including these rules), authorizations and industry codes of practice.” On what basis will embracement of either explicit or implied industry codes be consistent with good industry practice (leaving aside best practice or trade measurement requirements) if those codes permit the use of, or overlook the use of water meters effectively posing as gas meters for the purposes of imposing contractual status ort calculated deemed gas (or electricity usage) Could such endorsement, (for example 3.2 of the Victorian Energy Retail Code v7 February 2009) bulk hot water billing, transferred from the Bulk Hot Water Charging Guideline(2)(1) (now repealed) be construed as facilitating poorest practice rather than good or best practice, or the requirement to ensure consistency with other regulatory provisions by providing non-conflicting instructions that embrace the principles of best practice? Though the Victorian ERC is intended to relate to retailers of energy (not includes what is termed as “delivery of gas or electricity hot water, using metering terminology inconsistent with every other current or proposed definition, the intended National Energy Law and Rules (NELR) are clear about sale and supply of energy being intended through direct flow of energy to the party deemed to be contractually obligated and also allows through the tripartite governance model for similar responsibilities and liabilities to apply to either distributor or retailer . The question of liability of third parties is determined on the basis that whether the distributor or retailer procures these services, ultimately, liability rests with either the distributor or retailer, with one or other expected to reclaim from the other any liabilities determined by a customer or end-consumer. See case studies cited by professor Stephen Corones regarding liability, statutory and implied warranties and findings in open courts, including the New Zealand experience What do policy makers, rule makers and regulators intend to do to correct this anomaly How will these matters impact on consumer confidence and proper market functioning? Will interpretation of “joint metering installations” be misinterpreted to include the ...
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Good Gas Industry Practice means the standard of operating and engineering practice that would reasonably be expected from a significant proportion of the world's best operators of facilities (not being owned and operated by Governmental Agencies) for the supply, transmission, distribution and sale of gas, operation of pipelines and reticulation networks with the asset conditions being consistent with the Core Assets and consistent with applicable laws, regulations, codes (including, without limitation, AG 600 Gas Distribution Code) and the Licences and on the basis that the determination of conditions consistent with the Core Assets takes into account:
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Good Gas Industry Practice means practices, methods and systems which accord with the exercise of the degree of skill, diligence, prudence and foresight that would be reasonably expected of a significant proportion of distributors in the gas industry including compliance with:
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Related to Good Gas Industry Practice

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the exercise of the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged within the relevant industry or business sector;

  • Prudent Industry Practices means, at a particular time, any of the practices, methods and acts which, in the exercise of reasonable judgment, will result in the proper operation and maintenance of the assets owned by a Party or its Affiliates and shall include, without limitation, the practices, methods and acts engaged in or approved by a significant portion of the industry at such time with respect to the assets of the same or similar types as the assets owned by such Party or its Affiliates. Prudent Industry Practices are not intended to be limited to optimum practices, methods or acts, to the exclusion of all others, but rather represent a spectrum of possible practices, methods and acts which could have been expected to accomplish the desired result at a commercially reasonable cost in a reliable, safe and timely fashion, in compliance with the applicable limited partnership agreement and limited liability company agreement and in accordance with all applicable laws. Prudent Industry Practices are intended to entail the same standards as the Parties would, in the prudent management of their own properties, use from time to time.

  • Best Industry Practice means that degree of skill, care and foresight and operating practice that would reasonably and ordinarily be expected of a skilled and competent supplier of services engaged in the same type of undertaking as that of the Recipient or any contractors (as applicable) under the same or similar circumstances as those contemplated by this Agreement.

  • Good Utility Practice means any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety and expedition. Good Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather is intended to include acceptable practices, methods, or acts generally accepted in the region; including those practices required by Federal Power Act Section 215(a)(4).

  • Good Utility Practices mean any of the practices, methods or acts engaged in or approved by a significant portion of the electric energy industry with respect to similar facilities during the relevant time period which in each case, in the exercise of reasonable judgment in light of the facts known or that should have been known at the time a decision was made, could have been expected to accomplish the desired result at reasonable cost consistent with good business practices, reliability, safety, law, regulation, environmental protection and expedition. Good Utility Practices are not intended to be limited to the optimum practices, methods or acts to the exclusion of all others, but rather to delineate the acceptable practices, methods or acts generally accepted in such industry.

  • Prudent Utility Practice means any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the relevant time period, or any of the practices, methods, and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety, and expedition. Prudent Utility Practice is not intended to be limited to the optimum practice, method, or act to the exclusion of all others, but rather to be acceptable practices, methods, or acts, generally accepted in the region.

  • Prudent Utility Practices means those practices, methods, techniques and standards, that are generally accepted for use in electric utility industries taking into account conditions in India, and commonly used in prudent electric utility engineering and operations to design, engineer, construct, test, operate and maintain equipment lawfully, safely, efficiently and economically as applicable to power stations of the size, service and type of the Project, and that generally conform to the manufacturers' operation and maintenance guidelines.

  • Good Practice means such practice in the processing of personal data as appears to the Commissioner to be desirable having regard to the interests of data subjects and others, and includes (but is not limited to) compliance with the requirements of this Act;

  • Good Engineering Practice means, Works carried out in accordance with the following standards/ specifications,

  • Reasonable and Prudent Operator means a person seeking in good faith to perform its contractual obligations and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, skill, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances complying with all applicable Laws, and any reference to the standard of a Reasonable and Prudent Operator means such degree of diligence, skill, prudence and foresight as aforesaid.

  • Prudent Electrical Practices means those practices, methods, standards and equipment commonly used in prudent electrical engineering and operations to operate electrical equipment lawfully and with safety, dependability and efficiency and in accordance with the National Electrical Safety Code, the National Electrical Code and any other applicable federal, state and local codes provided, however, that in the event of a conflict, the applicable federal, state or local code shall govern.

  • Generally applicable environmental radiation standards means standards issued by the U.S. Environmental Protection Agency (EPA) under the authority of the Atomic Energy Act of 1954, as amended, that impose limits on radiation exposures or levels, or concentrations or quantities of radioactive material, in the general environment outside the boundaries of locations under the control of persons possessing or using radioactive material.