WGL Midstream definition

WGL Midstream means WGL Midstream, Inc., a former subsidiary of Washington Gas Resources that, prior to the divisive merger and sale of the majority of its assets on April 23, 2021, engaged in acquiring and optimizing natural gas storage and transportation assets; and
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Examples of WGL Midstream in a sentence

  • The trading margins of WGL Midstream, including unrealized gains and losses on derivative instruments, are netted within revenues.

  • WGL Midstream enters into derivative contracts for the purpose of optimizing its storage and transportation capacity as well as managing the transportation and storage assets on behalf of third parties.

  • Revenue from the AMA is recognized based on the amount WGL Midstream has the right to invoice the customer in accordance with ASC 606.

  • While the GAIL contract is individually not accounted for as a derivative, it is inseparable from the overall trading portfolio of WGL Midstream.

  • WGL Midstream trading margins are reported in risk management and trading activities from the Midstream segment.

  • WGL Midstream enters into contracts to acquire, invest in, manage, and optimize natural gas storage and transportation assets.

  • The majority of revenue generated by the Midstream and Power segments is from the physical sale and delivery of natural gas and power to end users, except for WGL Midstream (see footnote d).

  • Antero Contract In June 2019, a jury trial was held in the County Court for Denver, Colorado to consider a contractual dispute relating to gas pricing between Washington Gas and WGL Midstream (together, the Companies) and Antero Resources Corporation (Antero).

  • Prior to the sale of the majority of WGL Midstream's commodity business in the second quarter of 2021, WGL Midstream entered into derivative contracts for the purpose of optimizing its storage and transportation capacity as well as managing the transportation and storage assets on behalf of third parties.

  • Following the trial, the jury returned a verdict in favor of Antero for approximately US$96 million, of which approximately US$11 million was against Washington Gas with the remainder against WGL Midstream.

Related to WGL Midstream

  • MLP has the meaning given such term in the introduction to this Agreement.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • GP means Gottbetter & Partners, LLP.

  • EXCO means EXCO Resources, Inc., a Texas corporation.

  • NGL means natural gas liquids.

  • Operating Company has the meaning set forth in the preamble.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • MLP GP means any general partner of any MLP and any general partner of the general partner of any MLP.

  • EPD means the Environmental Protection Division of the Georgia Department of Natural Resources.

  • MLP Partnership Agreement means the Amended and Restated Agreement of Limited Partnership of the MLP, as amended or restated from time to time.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • PAA means Plains All American Pipeline, L.P., a Delaware limited partnership.

  • ETP means Energy Transfer Partners, L.P., a Delaware limited partnership.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Operating Partnership has the meaning set forth in the preamble.

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • Operating Partnership Agreement means the Fifth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Constellation has the meaning assigned to that term in the Recitals.

  • IDR means Interval Data Recorder.

  • CGS means the Connecticut General Statutes.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • EMG means the Executive Management Group of SSgA.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • TRS means a taxable REIT subsidiary (as defined in Section 856(l) of the Code) of the General Partner.

  • IDRs means the rights to the incremental ability, resulting from the addition of Merchant Transmission Facilities, to inject energy and capacity at a point on the Transmission System, such that the injection satisfies the deliverability requirements of a Capacity Resource. Incremental Deliverability Rights may be obtained by a generator or a Generation Interconnection Customer, pursuant to an IDR Transfer Agreement, to satisfy, in part, the deliverability requirements necessary to obtain Capacity Interconnection Rights.