Examples of Spire Alabama in a sentence
Spire, Spire Missouri and Spire Alabama have a syndicated revolving credit facility pursuant to a loan agreement with 11 banks, expiring October 31, 2023.
These amounts are not recorded in the statements of income but are recorded as tax collections payable and included in the “Other” line of the Current Liabilities section of the balance sheets.Gross receipts taxes associated with the Company’s natural gas utility services are imposed on the Company, Spire Missouri, and Spire Alabama and billed to its customers.
Spire’s revenues are not subject to significant returns, refunds, or warranty obligations.Spire, Spire Missouri, and Spire Alabama have elected to apply a “right to invoice” practical expedient, recognizing revenue for volumes delivered for which they have a right to invoice, as long as that amount corresponds with the value to the customer.
The loan agreement has an aggregate credit commitment of $975.0, including sublimits of $300.0 for Spire, $475.0 for Spire Missouri and $200.0 for Spire Alabama.
Disclosures about remaining performance obligations are not required because either contracts have an original expected duration of one year or less, or revenue is recognized under the right to invoice practical expedient, or both.Sales taxes imposed on applicable Spire Alabama and Spire Missouri sales are billed to customers.
Notwithstanding the foregoing, (i) in no event shall Spire Missouri or Spire Alabama, or any of their respective Subsidiaries, be required to guarantee any obligations of Parent, and (ii) no Subsidiary that is a Foreign Subsidiary of any Borrower shall be required to execute a guaranty agreement if, in the reasonable opinion of such Borrower, entering into such guaranty agreement may have adverse tax consequences under Section 956 of the Code or other applicable laws.
Spire Alabama records natural gas distribution revenues in accordance with the tariff established by the APSC.
South Carolina Corporation MoGas Pipeline, LLC Delaware Limited Liability Company Spire Midstream LLC Omega Pipeline Company, LLC Delaware Limited Liability Company Spire Midstream LLC Spire Alabama Inc.
South Carolina Corporation Xxxxxxx Creek Resources, LLC Delaware Limited Liability Company Belle Butte LLC (owns 80% voting interest) Spire Alabama Inc.
Intersegment transactions include sales of natural gas from Spire Marketing to Spire Missouri, Spire Alabama and Spire Storage, sales ofnatural gas from Spire Missouri to Spire Marketing, propane transportation services provided by Spire NGL Inc to Spire Missouri, and natural gas transportation services provided by Spire STL Pipeline to Spire Missouri.Management evaluates the performance of the operating segments based on the computation of net economic earnings.