Cost of Gas Sample Clauses

Cost of Gas. The Cost of Gas shall be calculated as follows: CGm = [MACGm or DACGCm] * Xxxx Where:
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Cost of Gas. The company’s cost of natural gas includes both fixed and variable components. The company pays the fixed costs or “demand charges” to pipeline companies for system capacity needed to transport and store natural gas. The company pays the variable costs, or the cost of the natural gas commodity itself, to natural gas producers. Variations in the company’s cost of gas expense result from changes in gas sales volumes, the price of the gas purchased and the level of gas costs collected through the operation of firm gas cost recovery mechanisms. Under these regulated recovery mechanisms, the company defers the difference between the firm gas costs it pays and the gas costs recovered from customers. In subsequent periods, the company recovers from, or refunds to, customers any differences. Therefore, increases or decreases in the cost of gas associated with sales made to firm customers have no effect on net revenues and net income. The company’s average cost of gas on a per therm basis, excluding the cost and related volumes applicable to sales made outside of the company’s service territory, increased to 42.29¢ in fiscal year 2000 from 36.43¢ in fiscal year 1999. The increase reflects higher commodity gas prices in the current year. The commodity cost of gas invoiced to the company was 31.71¢ and 23.40¢ per therm for fiscal years 2000 and 1999, respectively. This increase reflects the higher market prices incurred during fiscal year 2000. The company’s average cost of gas on a per therm basis decreased 2.52¢ per therm in fiscal year 1999 from 38.95¢ in fiscal year 1998. The decrease resulted primarily from lower commodity gas prices during most of fiscal year 1999. The average commodity cost of gas invoiced to the company in fiscal year 1999 also decreased 4.73¢ from 28.13¢ per therm in fiscal year 1998 because of continuing warmer-than-normal winter weather, which resulted in a surplus of natural gas in the marketplace that depressed natural gas commodity prices. In response to the surplus of low-cost gas during fiscal year 1999, a number of natural gas producers curtailed their production, which contributed to a decline in the availability and an increase in the price of natural gas in the marketplace during fiscal year 2000. Other Utility Operating Expenses Operation and maintenance expenses declined $23.7 million or 11.8 percent in fiscal year 2000 and increased $435,000 or 0.2 percent in fiscal year 1999 over the prior years’ results. The reduction in oper...
Cost of Gas. The cost of gas per dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equationbelow: Cost of Gas = _ x T S Where: p Total cost of natural gas (processed Or unprocessed) vaporized liquid natural gas, synthetic gas, propane-air mixture, landfill gas, or other source of methane gas or any mixture of these gases entering the Seller's system during the current month in dollars. D The cost of gas attributable to alt sales made by Seller to Buyers under an interruptible rate or contract where the'Buyer has alternative fuel Capability and has certified to the Seller the as-fired price of its alternative fuel such that Seller could not supply gas at aprice that is competitive and service is provided by Seller under the competitive pricing provisions of the rate or contract. S = Total gas entering the Seller's System during the. current bill'mg month excluding gas sold under D above times the annual sales factor which will be determined by dividing total annual sales recorded in.Accounts 480 through 483plus distribution gas used in electric generation by the total annual ga s entering the Seller's system. The annual sales factor shall be computed for the twelve months ending each March and applied beginning with the first billing cycle, of the following May each year. T = Adjustment for revenue related Taxes plus one (1)
Cost of Gas. Cost of gas as reported by the utility includes gas purchases, gas withdrawn from storage inventory, gains and losses from commodity xxxxxx, pipeline demand costs, seasonal demand cost balancing adjustments, regulatory gas cost deferrals, gas reserves costs, and company gas use. The OPUC and WUTC generally require natural gas commodity costs to be billed to customers at the actual cost incurred, or expected to be incurred, by the utility. Customer rates are set each year so that if cost estimates were met we would not earn a profit or incur a loss on gas commodity purchases; however, in Oregon we have an incentive sharing mechanism which has been described under "Regulatory Matters—Rate Mechanisms—Purchased Gas Adjustment" above. In addition to the PGA incentive sharing mechanism, gains and losses from hedge contracts entered into after annual PGA rates are effective for Oregon customers are also required to be shared and therefore may impact net income. Further, we also have a regulatory agreement whereby we earn a rate of return on our investment in the gas reserves acquired under the original agreement with Encana and include gas from our amended gas reserves agreement at a fixed rate of $0.4725 per therm, which are also reflected in utility margin. See "Application of Critical Accounting Policies and Estimates—Accounting for Derivative Instruments and Hedging Activities" below. Cost of gas highlights include: Dollars and therms in millions 2017 2016 2015 Cost of gas $ 325.0 $ 260.6 $ 327.3 Volumes sold (therms) 831 693 660 Average cost of gas (cents per therm) $ 0.39 $ 0.38 $ 0.50 Gain from gas cost incentive sharing 1.2 4.0 3.2 2017 COMPARED TO 2016. Cost of gas increased $64.4 million, or 25%, primarily due to the 20% increase in volumes sold due to colder than average weather in 2017 compared to warmer than average weather in 2016, and customer growth. 2016 COMPARED TO 2015. Cost of gas decreased $66.7 million, or 20%, reflecting lower natural gas prices and resulting in a $19.4 million credit to customers, partially offset by a 5% increase in volume mainly from comparatively colder weather in the first quarter and December 2016. The effect on net income from our gas cost incentive sharing mechanism resulted in a margin gain of $1.2 million, $4.0 million and $3.2 million for 2017, 2016 and 2015, respectively, as actual prices were lower than the estimated prices included in customer rates due to national warmer than average weather, which resulted i...
Cost of Gas. The cost of gas per dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below: Cost of Gas = _ x T S Where: V Total cost of natural gas (processed or unprocessed) vaporized liquid natural gas, synthetic gas, propane-air mixture, landfill gas, or other source of methane gas or any mixture of these gases entering the Seller's system during the current month in dollars. D The cost of gas attributable to all sales made by Seller to Buyers under an interruptible rate or contract where the Buyer has alternative fuel capability and has certified to the Seller the as-fired price of its alternative fuel such that Seller could not supply gas at a price that is competitive and service is provided by Seller under the competitive pricing provisions of the rate or contract.
Cost of Gas. The cost of gas 3er dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below. Cost of Gas = (C-D) S. Where:
Cost of Gas. The cost of gas per dekatherm for the current month shall be determined (to the nearest thousandth of a cent) by the use of the equation below. Cost of Gas = (C-D_._ S Where: C= Total commodity cost of natural gas (processed or unprocessed) vaporized liquid natural gas, synthetic gas, propane-air mixture, landfill gas or other source of methane gas or any mixture of these gases entering the Seller's system during the current month in dollars, The cost of gas attributable to all sales made by Seller to Buyers under an interruptible rate or contract where the Buyer has alternative fuel capability and has certified to the Seller the as-fired price of its alternative fuel such that Seller could not supply gas at a price that is competitive and service is provided by Seller under the competitive pricing provisions of' the rate or contract. Total gas entering the Seller's system during the current billing month excluding gas sold under D above. Units of measurement will be Dekatherms. SOUTH CAROLINA ELECTRIC & GAS COMPANY GENERAL TERMS AND CONDITIONS TO INDUSTRIALSERVICE AGREEMENTS FOR GAS JANUARY 1, 1985 ORIGINAL These Terms and Cond_ons to IndustrialService Agreementsare supplementaryto the Rules and Regulationsissued by the Public Service Commissionof South Carolifiaand the GeneralTerms and Conditionsof South CarolinaElectric& Gas Companyas providedbythe PublicServce Commissionof South Carolina. The provision of these Termsand Conditionsapplyto all persons,partnerships,corporationsor othersdesignatedas industrial users who are lawfully receivinggas servicefrom South CarolinaElectric & Gas Companyunderrate schedulesorserviceagreementsfiled with the Commission. South Carolina Electric& Gas Companyis referredto hereinas "Seller', andthe user or prospectke, useris referredto as "Buyer". The Public:Service Commissionof SouthCarolinais referredto hereinas 'Commission". ArticleII DEFINITIONS Exceptwherethecontextotherwiseindicatesanotherordifferentmeaningor intentt,he followingtermsareintendedandusedandshallbe construedto havemeaningasfollows:
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Related to Cost of Gas

  • Cost of Bidding 6.1 The bidder shall bear all costs associated with the preparation and submission of his Bid, and the Employer will in no case be responsible and liable for those costs.

  • Cost of Living (COLA) All seniority employees who have completed their appropriate wage progression schedule shall be covered by the provisions of a cost-of-living allowance, as set forth in this Agreement. Employees who have not completed their appropriate wage pro- gression on the effective date of a COLA increase, shall receive the adjustment on a prospective basis on the date they complete their wage progression schedules. The amount of the cost-of-living allowance shall be determined as provided below on the basis of the "Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W (Revised Series using 1982-1984 Expenditure Patterns), All Items (1982-84 = 100), published by the Bureau of Labor Statistics, U.S. Department of Labor" and referred to herein as the "Index". Effective August 1, 2019 2024 and every August 1, thereafter during the life of the Agreement, a cost-of-living allowance will be calculated on the basis of the difference between the Index for May 202419 (published June 202419) and every May thereafter, and the base Index for May 202318 (published June 202318) and every May thereafter, as follows: For every two tenths (0.2) point increase in the Index, over and above the base (prior year's) Index plus three percent (3.00%) there will be a one (1) cent increase in the hourly wage rates payable on August 1, 202419 and every August 1 thereafter. These increases shall only be payable if they equal five cents ($.05) in a year. All cost-of-living allowances paid under this Agreement will become and remain a fixed part of the base wage rate for all job classifications. A decline in the Index shall not result in the reduc- tion of classification base wage rates. Mileage paid employees will receive cost-of-living allowances on the basis of .25 xxxxx per mile for each one (1) cent increase in hourly wages, subject to the threshold set forth above. In the event the appropriate Index figure is not issued before the effective date of the cost-of-living adjustment, the cost-of-living adjustment that is required will be made at the beginning of the first (1st) pay period after the receipt of the Index. In the event that the Index shall be revised or discontinued and in the event the Bureau of Labor Statistics, U.S. Department of Labor, does not issue information which would enable the Employer and the Union to know what the Index would have been had it not been revised or discontinued, then the Employer and the Union will meet, negotiate, and agree upon an appropriate substitute for the Index. Upon the failure of the parties to agree within sixty (60) days, thereafter, the issue of an appropriate substitute shall be submitted to an arbitrator for determination. The arbitrator's decision shall be final and binding.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Cost of Services Political Subdivision shall share some expenses for the above services, supplies and equipment. Additional elections may lower costs for each entity, and election cancellations may raise costs for each entity. It is understood that other political entities may wish to participate in the use of the County’s electronic voting equipment and polling locations, and it is agreed that Contracting Officer may enter into other contracts with entities for those purposes on terms and conditions generally similar to those set forth in this Agreement. Only the actual expenses directly attributable to this Agreement and any prorated shared expenses may be charged to Political Subdivision, plus a 10% administrative fee.

  • Cost of the Work § 6.1 For purposes of this Agreement, the Cost of the Work shall be the total cost to the Owner to construct all elements of the Project designed or specified by the Architect and shall include contractors’ general conditions costs, overhead and profit. The Cost of the Work also includes the reasonable value of labor, materials, and equipment, donated to, or otherwise furnished by, the Owner. The Cost of the Work does not include the compensation of the Architect; the costs of the land, rights-of-way, financing, or contingencies for changes in the Work; or other costs that are the responsibility of the Owner.

  • Gas If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Electricity Charges The licensee herein shall pay the electricity bills directly for energy consumed on the licensed premises and should submit original receipts to Licensor indicating that the electricity bills are paid.

  • Electricity 14.01 Tenant shall obtain electricity for the Demised Premises on a direct meter basis, Tenant shall be responsible for and pay to the applicable utility all charges for electricity as measured by such meter. Landlord shall not in any way be liable or responsible to Tenant for any loss or damage or expense which Tenant may sustain or incur if either the quantity or character of electric service is changed or is no longer available or suitable for Tenant’s requirements. Any additional riser or risers to supply Tenant’s electrical requirements, upon written request to Tenant, will be installed by Landlord, at the sole cost and expense of Tenant, unless, in Landlord’s reasonable judgment, the same will cause permanent damage or injury to the Building or the Demised Premises or cause or create a dangerous or hazardous condition or interfere with or disturb other tenants or occupants. In addition to the installation of such riser or risers, Landlord will also at the sole cost and expense of Tenant, install all other equipment proper and necessary in connection therewith subject to the aforesaid terms and conditions. Tenant covenants and agrees that at all times its use of electric current shall never exceed the capacity of the feeders to the Building or the risers or wiring installation which Landlord represents is sufficient for ordinary office use. It is further covenanted and agreed by the Tenant that all the aforesaid costs and expenses are chargeable and collectible as Additional Rent and shall be paid by the Tenant to the Landlord within ten (10) days after the rendering of any xxxx or statement to the Tenant therefor. Tenant shall make no alterations or additions to the electric equipment and/or appliances without the prior written consent of Landlord in each instance, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything to the contrary herein, should electric service be interrupted for a period of more than five (5) consecutive business days through the sole fault of Landlord so as to prevent Tenant from using at least seventy-five (75%) percent of the Demised Premises, Fixed Rent shall xxxxx until such service resumes and Tenant is able to resume the use of at least seventy-five (75%) percent of the Demised Premises. Should such service interruption prevent Tenant from using at least seventy-five (75%) of the Demised Premises for more than sixty (60) days and be due to the sole fault of Landlord, Tenant shall have the right to terminate this Lease by giving written notice to Landlord no later than the seventieth (70th) consecutive day and vacating no later than the ninetieth (90th) consecutive day. TIME BEING OF THE ESSENCE for Tenant as to both dates.

  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.

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