Annual Storage Space Authorized Authorized Overrun Sample Clauses

Annual Storage Space Authorized Authorized Overrun is provided as Storage/Balancing Service. It is payable on all quantities on any Day in excess of the customer’s contracted Maximum Storage Space. Overrun will be authorized by Union at is sole discretion. Storage Space Overrun equal to the customer’s firm deliveries from TCPL: less the customer’s Firm Daily Contract Demand, all multiplied by the Days of Interruption called during the period of November 1 to March 31, will be automatically authorized until the following July 1. Unauthorized If in any month, the customer has gas in storage in excess of the contracted Maximum Storage Space, and which has not been authorized by Union or provided for under a short term supplemental storage service, such an event will constitute an occurrence of Unauthorized Overrun. The Unauthorized Overrun rate will be $6.000 per GJ applied to the greatest excess for each occurrence. If on any Day the gas storage balance for the account of the customer is less than zero, the Unauthorized Overrun charge will apply for each GJ of gas below a zero inventory level and this amount of gas shall be deemed not to have been withdrawn from storage. The gas shall be deemed to have been sold to the customer at the highest spot price at Xxxx in the month of occurrence and the month following occurrence as identified in the Canadian Gas Price Reporter and shall not be less than Union’s approved weighted average cost of gas If the customer has contracted to provide its own deliverability inventory, the zero inventory level shall be deemed to mean twenty percent (20%) of the Annual Firm Storage Space. Effective 2015-01-01 Rate T1 Page 6 of 7 2. Injection, Withdrawals and Transportation Authorized The following Overrun rates are applied to any quantities transported, injected or withdrawn in excess of 103% of the Contract parameters. Overrun will be authorized by Union at its sole discretion. Automatic authorization of Injection Overrun will be given during all Days a customer has been interrupted. Union For Customers Providing Providing Their Own Compressor Fuel Fuel Firm or Interruptible Service Firm or Interruptible Fuel Commodity Service Ratio Charge Storage Injections $0.108/GJ 0.859% $0.061/GJ Storage Withdrawals $0.108/GJ 0.859% $0.061/GJ Transportation 1.2133 ¢/m³ 0.301% 1.1507 ¢/m³ Unauthorized
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Related to Annual Storage Space Authorized Authorized Overrun

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