Aitken Creek definition

Aitken Creek means the Aitken Creek natural gas storage facility;
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Aitken Creek means the Aitken Creek gas storage site;
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Aitken Creek means the Aitken Creek gas storage site; “Algoma Power” means Algoma Power Inc.;
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Examples of Aitken Creek in a sentence

  • Aitken Creek holds gas swap contracts to manage its exposure to changes in natural gas prices, capture natural gas price spreads, and manage the financial risk posed by physical transactions.

  • UNS Energy, Central Hudson, FortisBC Energy, Aitken Creek and the Corporation may be exposed to credit risk in the event of non-performance by counterparties to derivatives.

  • Aitken Creek is the only underground natural gas storage facility in British Columbia and has a total working gas capacity of 77 billion cubic feet.

  • ACGS also owns 100% of the North Aitken Creek gas storage site which offers future expansion potential.

  • Inter-company transactions between non-regulated and regulated entities not eliminated on consolidation include the lease of gas storage capacity and gas sales by Aitken Creek to FortisBC Energy.

  • Aitken Creek mitigates this risk by using derivatives to materially lock in the profit margin that will be realized upon the sale of natural gas.

  • Aitken Creek is subject to commodity price risk, as it purchases and holds natural gas in storage to earn a profit margin from its ultimate sale.

  • Revenue at Aitken Creek is primarily generated from long-term lease storage, park and loan activities, and storage optimization activities and is generally recognized on an accrual basis over the term of the related contracts.

  • On April 1, 2016, Fortis acquired Aitken Creek Gas Storage ULC (“ACGS”) from Chevron Canada Properties Ltd.

  • NON-REGULATED – ENERGY INFRASTRUCTURE Non-Regulated - Energy Infrastructure is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility (“Aitken Creek”) in British Columbia.

Related to Aitken Creek

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