Gas Daily Price means the "Daily Midpoint" price stated in Gas Daily® (Pasha Publications, Inc.), or successor publication, in the column "Daily Price Survey" for the relevant Gas Day. If there is no single "Daily Midpoint" price published for that particular Gas Day, but there is published a "Common" price range under such column and listing, then the Gas Daily Price shall be the average of such "Common" high and low prices.
Gas Daily Price means the midpoint price stated in the Platts Daily Price Guide or successor publication for the applicable Index Gas Price as referenced in Exhibit A.
Gas Daily Price means the arithmetic average of (1) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide, "Daily Price Survey" under "City Gates", "Texas Eastern, zone M-3" on the applicable Call Day and (2) the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Transco, zone 6 N.Y." on the applicable Call Day. Section 2.3. In the event NJEA fails to deliver any of the Call Volume that it is obligated to deliver hereunder (such undelivered Call Volume hereinafter referred to as the "Call Volume Shortfall"), then PSE&G shall invoice NJEA for the associated Cover Damages in accordance with Sections 9.1.3, 9.1.4, 9.2, 9.4 and 9.5 of the Agreement. "Cover Damages" for any Call Volume Shortfall means an amount equal to the positive difference, if any, between (a) the Replacement Price ($/Dth) multiplied by the Call Volume Shortfall (in Dth), minus (b) the amount that PSE&G would have paid pursuant to Section 2.2 had the Call Volume Shortfall been delivered. For purposes of this Section 2.3, (1) if PSE&G purchases replacement gas in the amount of the Call Volume Shortfall ("the Replacement Call Volume"), then the "Replacement Price" means the price ($/Dth) at which PSE&G, acting in a commercially reasonable manner, purchases the Replacement Call Volume, plus transaction and other administrative costs reasonably incurred by PSE&G in purchasing such Replacement Call Volume and (2) if PSE&G does not purchase Replacement Call Volume for any reason, then the "Replacement Price" means the daily "Midpoint" gas prices published by Platts in The Gas Daily Price Guide "Daily Price Survey" under "City Gates", "Transco, zone 6 N.Y." on the applicable Call Day. The damages provided in this Section 2.3 shall be the sole and exclusive remedy of PSE&G for any Call Volume Shortfall. The monthly invoice for Cover Damages with respect to a Call Volume Shortfall shall include a written statement detailing the volume, source and Replacement Price of all Replacement Call Volume.
Examples of Gas Daily Price in a sentence
For Gas produced from the Marcellus formation in West Virginia, the “Midpoint Average” price published in Xxxxx’x Gas Daily Price Guide for “Columbia Gas/Appalachia”.
For Gas produced from the Utica formation in Ohio, the “Midpoint Average” price published in Xxxxx’x Gas Daily Price Guide for “Texas Eastern M-2 Receipts”.
The market price of gas shall be: A weighted average price equal to the product of the percentage weightings and the midpoint gas price for Transco Zone 6-NY, Texas Eastern Transmission (Tetco M3), and Iroquois Gas Transmission System (Z2) for the applicable diverted gas flow day as published by Platts in the Gas Daily Price Guide.
The Company’s applicable firm sales rate ORb. Winter (November – March) – 135% of the Algonquin Citygates Monthly Contract Index price or 135% of the Tennessee Zone 6 (delivered) Monthly Contract Index price published in the Gas Daily Price Guide.
Summer (April – October) – 115% of the Algonquin Citygates Monthly Contract Index price or 115% of the Tennessee Zone 6 (delivered) Monthly Contract Index price published in the Gas Daily Price Guide.
More Definitions of Gas Daily Price
Gas Daily Price means the daily price (expressed as the number of U.S. Dollars per MMBtu) of Natural Gas at the California-Arizona border, as published by Pasha Publications, Inc.’s Gas Daily, and any successor thereto, for each day during the relevant Determination Period, for such day, located in the “Daily Price Survey” table, under the headings “Midpoint: Others: SoCal gas, large packages (Deliveries at Topock, Daggett, Blythe, Needles, Ehrenberg)” For the avoidance of doubt, in the event that the Cash Settlement Amount for any Determination Period, calculated as set forth above, is equal to or less than zero, the Cash Settlement Amount for such Determination Period shall equal zero, and no payment shall be due by either Company or Counterparty. Contractual Currency: U.S. Dollars Governing Law: Texas General Terms and Conditions of Confirmations: The general terms and conditions contained in Annex A attached hereto and made a part hereof apply and are incorporated herein by reference Credit or Other
Gas Daily Price means the “Daily Midpoint” price set forth in Gas Daily® (Financial Times Energy), or successor publication, in the column "Daily Price Survey" under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) for the relevant gas day. If there is no single “Daily Midpoint” price published for that particular Gas Day, but there is published a "Common" range of prices under the above column and listing, then the Gas Daily Price shall be the average of such “Common” high and low prices. In the event that no ‘Daily Midpoint” price or “Common” range of prices is published for that particular Gas Day, then the Gas Daily Price shall be the average of the following: the price (determined as stated above) for each of the first Gas Day immediately preceding and following the Gas Day in which the default occurred for which a Gas Daily Price can be determined.
Gas Daily Price means the “Daily Midpoint” price set forth in Gas Daily® (Financial Times Energy), or successor publication, in the column "Daily Price Survey" under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) set forth below for the relevant gas day. If there is no single “Daily Midpoint” price published for that particular Gas Day, but there is published a "Common" range of prices under the above column and listing, then the Gas Daily Price shall be the average of such “Common” high and low prices. In the event that no ‘Daily Midpoint” price or “Common” range of prices is published for that particular Gas Day, then the Gas Daily Price shall be the average of the following: the price (determined as stated above) for each of the first Gas Day immediately preceding and following the Gas Day in which the default occurred for which a Gas Daily Price can be determined. If Gas Daily should publish a daily Midpoint price more specific to the area of the Property, then this daily Midpoint price should be used.
Gas Daily Price means the “Midpoint” price per MMBtu of gas for a Delivery Point published in Gas Daily, under the Daily Price Survey (published by the XxXxxx-Xxxx Companies, Inc.) for a Delivery Point and “IF Price” means the price per MMBtu of gas for a Delivery Point as published in the first publication of the month of delivery of Ocean’s Gas in Inside FERC’s Gas Market Report (published by the XxXxxx-Xxxx Companies, Inc.). The prices in Appendix “A” are based on the capacity to flow without constraints. Should Gas become constrained, the Parties shall mutually agree to an alternate price. If the Parties cannot mutually agree to an alternate price for constrained gas within thirty (30) days of a notice by Buyer, Buyer shall release the point from this Agreement effective the 1st day of the subsequent month. If a publication specified above ceases to exist or does not post an index price representative of a Delivery Point(s), then the Parties shall mutually agree to an alternative publication and posting which reflects the market value of Ocean’s Gas at such Delivery Point(s). If the Parties fail to agree on an alternative price, publication and/or posting for a Delivery Point within ten (10) Business Days of a notice by a Party to the other Party that an Index Price fails to exist then the new publication and posting will be determined by the one arbitrator procedure of Article XI.
Gas Daily Price means, for the purpose of determining the payment owed by a Party to the other Party for failure to deliver or receive Gas, as set forth in Article 9, the daily Midpoint price listed in Gas Daily under the table "Daily Price Survey" for production from the same region and pipeline as the Delivery Point(s) specified in the relevant Transaction(s).
Gas Daily Price shall m ean the m idpoint price stated in the Platts Daily Price Guide or successor publication for the applicable Index Gas Price as referenced in Exhibit A.