Examples of Gathering Fuel in a sentence
On a Monthly basis, LMM shall adjust the Gathering Fuel percentage to equal the actual use of Gathering Fuel in the preceding Month.
This Gathering Fuel percentage shall be based on actual usage during periods of normal operation of the Gathering System during the previous Month, but may be adjusted by LMM when necessary to improve accuracy.
LMM shall calculate Shipper’s Gathering Fuel based upon actual usage and Shipper’s pro-rata share of all Gas Gathered through the relevant portion of the Gathering System.
If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, are less than Shipper’s Scheduled Nomination(s), a “Positive Imbalance” exists.
LMM shall give Shipper written notice of the Gathering Fuel percentage that will be in effect during the upcoming Month.
The term “Balance” or “Balancing” refers to equalizing the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s) with the number of Dth constituting Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
Shippers shall provide to LMM Shippers’ share of Gathering Fuel, which share shall be pro rated based on Shippers’ volumes of Gas Gathered hereunder as a proportion of the volumes of all Gas Gathered into the Gathering System.
Each Day Shipper shall cause the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) to equal as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) exceeds Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly reduce its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, do not equal Shipper’s Scheduled Nomination(s), an “Imbalance” exists.