GSMIP definition

GSMIP means Gas Supply Mitigation Incentive Plan;
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GSMIP means the Gas Supply Mitigation Incentive Plan of FortisBC Energy;
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Examples of GSMIP in a sentence

  • FEI’s performance relative to the Base Benchmark impacts the percentage amount it earns of the Total Benchmarked Mitigation Revenue booked to GSMIP achieved in the Gas Year.

  • Grace is diagnosed with mental retardation and psychotic disorder otherwise unspecified.

  • The current GSMIP program was approved by the Commission following a comprehensive review in 2011.

  • The Gas Supply Mitigation Incentive Program ("GSMIP") provides a nominal additional incentive to Terasen Gas to stimulate revenue for all resources secured to meet customer demand, including SCP.

  • The incentive payment FEI shareholders receive under the GSMIP will be reviewed and approved annually by the Commission.

  • Only SCP transportation mitigation revenue that is recorded in the Midstream Cost Reconciliation Account is eligible for GSMIP.

  • In the gas contract year ending October 31, 2021, FEI earned an incentive payment of approximately $2.5 million pending BCUC approval.The current GSMIP program was approved by the BCUC following a comprehensive review in 2011.

  • The incentive related to New Activities must be approved by the Commission in the annual review of the GSMIP.

  • Reports FEI must file each year detailing all of FEI’s mitigation transactions and the mitigation revenue from the various types of mitigation activities as set out in section K of the 2013–2016 GSMIP Term Sheet.48 2.6 Implications if storage costs are found to not reflect market forces‌ The original exemption application put forward by Unocal was premised on the basis that regulation was not required as Unocal was unable to exercise market power in its marketing of storage services.

  • The incentive payment the Company receives under the GSMIP will continue to be reviewed and approved annually by the Commission.The 2013- 2016 GSMIP will be in effect from November 1, 2013 through October 31, 2016, and so will apply for the 2013/14, 2014/15 and 2015/16 gas contract years.

Related to GSMIP

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Rewards means any Merchandise Reward, Travel Reward, Gift Card Reward or Account Credit Reward that is available in this Program; and

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • ICP means an installation control point being 1 of the following:

  • STI means sexually transmitted infection;

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • AIP means the Nucor Corporation Senior Officers Annual Incentive Plan and any successor plan.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Backsiphonage means the flow of water or other liquids, mixtures or substances into the potable water system from any source other than its intended source, caused by the reduction of pressure in the potable water system.

  • EIP means the Company’s 2006 Equity and Incentive Plan, as amended from time to time, or any successor plan.

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Focus means limiting the number of items included in a curriculum to allow for deeper exploration of the subject matter.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Nutrient management plan means a plan developed or approved by the Department of Conservation and Recreation that requires proper storage, treatment and management of poultry waste, including dry litter, and limits accumulation of excess nutrients in soils and leaching or discharge of nutrients into state waters.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • MIC A mortgage insurance certificate issued by HUD.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • MOC means the Ministry of Coal, Government of India.

  • Forest management plan means a written plan prepared and signed by a qualified forester that prescribes measures to optimize production, utilization, regeneration, and harvest of timber. The forest management plan shall include a schedule and timetables for the various silvicultural practices used on forestlands, which shall be a maximum of 20 years in length. A forest management plan shall include all of the following:

  • PECR means the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2426/2003).