A tolling agreement definition
A tolling agreement or arrangement means that the owner of the electric generator has agreed with an LDC to convert natural gas owned and provided by the LDC to electricity owned by the LDC. Total or Gross Heating Value. The term "total or gross heating value" means the total calorific value, expressed in Btus when one cubic foot of anhydrous gas at sixty degrees Fahrenheit (60 F) is combusted with dry air at the same temperature and the products of combustion are cooled to sixty degrees Fahrenheit (60 F). The Btu specified is on a higher heating value (HHV) basis. A conversion factor is required to convert lower heating value to a higher heating value basis to correctly calculate the expected fuel usage of certain equipment. For estimating purposes, the higher heating value of natural gas is approximately 10 percent more than the lower heating value.
Examples of A tolling agreement in a sentence
A tolling agreement was executed with the United States on December 1, 2015, which has currently been extended through March 31, 2017.