Gas Daily Index definition

Gas Daily Index means the applicable price, for deliveries into TGP (or any successor pipeline delivering the Government’s gas to the Contractor), published in Gas Daily, a publication of Platts, a division of McGraw-Hill Financial, in the chart entitled “Prices of Spot Gas Delivered to Pipelines (per MMBtu)” under the heading “Tennessee Gas Pipeline Co.” and the line “Louisiana, 500 Leg”, under the column “Index”, or any successor pricing point superseding “Tennessee Gas Pipeline Company, Louisiana, 500 Leg” in Gas Daily or pursuant to transportation through a successor pipeline. In the event Gas Daily ceases to be published, the parties shall select a successor Index.
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Gas Daily Index means the applicable price published in platts Gas Daily, a daily publication of Platts, a division of McGraw-Hill Financial, in the chart entitled “Prices of Spot Gas Delivered to Pipelines”, for ANR in the area into which the Gas is delivered, under the column “Index”.
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Gas Daily Index means the midpoint average price published in thePlatts Gas Daily Price Guide for the Month in which an Imbalance occurs under the heading Midpoint Averages, subheading “East-Houston-Katy,” Houston Ship Channel.
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Examples of Gas Daily Index in a sentence

  • In the event that the GAS INDEX is not published for Dominion North Point, then the Platts Gas Daily Index, Daily Price Survey for "Appalachia", "Dominion South Point" for Appalachia shall be substituted for purposes of determining the Market Clearing Price under this Section.

  • Shall be determined by reference to the Platts Gas Daily Index, Daily Price Survey for "Appalachia," “Dominion North Point" ("GAS INDEX") plus the Dominion Transportation, Inc.

  • No Deficiency Keep Whole Payment shall be payable in the event the Gas Daily Index Price is lower than the First of the Month Commodity Price.

  • The same Index Price Adjustments and Premiums used to calculate the First of the Month Commodity Price pursuant to Section 4.1 above shall be used to calculate the Incremental Gas Commodity Price if the Gas Daily Index Price covers a geographical location comparable to that covered by the Published Index Price.

  • Over-deliveries of Residue Gas by Customer at the Points of Redelivery will be sold to Eagle Ford at the Gas Daily Index.

  • In the event CUSA or NGC believes in good faith that the Published Index Prices or the corresponding Gas Daily Index Prices, or both, no longer represent an accurate measure of the fair market value of spot gas, that Party may seek a price redetermination in accordance with the following procedure.

  • The effective date of the replacement Published Index Price or Gas Daily Index Price shall be the Day after the previous index price became unavailable and the arbitrators shall make their award retroactive to such date.

  • If on the Day that CUSA's deliveries of Committed Gas fall below ninety-five percent (95%) of First of the Month Committed Gas, the Gas Daily Index Price, as defined in Section 4.7 above, applicable to the Delivery Point (as adjusted by the Index Price Adjustments applicable to the Delivery Point and the Premium) is higher than the First of the Month Commodity Price calculated under Section 4.1 above, the difference will be the "Deficiency Cost".

  • Customer will pay the Gas Daily Index plus $0.50 per Dth for all natural gas delivered to Customer's account in excess of the daily average of MDQ.

  • CUSA and NGC agree that the Published Index Prices designated in Exhibit A and corresponding Gas Daily Index Prices represent an accurate measure of the fair market value of spot gas because those index prices reflect surveys of prices paid in actual transactions between willing buyers and sellers under no compulsion to buy or sell.


More Definitions of Gas Daily Index

Gas Daily Index means the midpoint average price published in the Platts Gas Daily Price Guide for the Month in which an Imbalance occurs under the heading Midpoint Averages, subheading “East-Houston-Katy,” Houston Ship Channel.
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Gas Daily Index means the midpoint average price for the Month in which an imbalance occurs published in Platts Gas Daily Price Guide, Final Daily Price Survey, Southwest El Paso Permian. If Platts Gas Daily Price Guide is no longer published, the Parties agree to substitute comparable gas pricing indices.
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Gas Daily Index shall specifically mean the Daily Midpoint price posted in Platts Gas Daily publication for Northern, Ventura.
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