Examples of Postalised System in a sentence
If any of the Transporter or a PS Gas Supplier reasonably believes that failure by the Transporter or another Designated Pipe-line Operator to re-assess a PS Gas Supplier’s Required Level of Credit Support and/or PS Gas Supplier’s Provided Level of Credit Support would result in an unacceptable material increase in risk to the security of the Postalised System, it may, at any time, call a Credit Committee meeting to propose that the Credit Committee give a Direction requiring such re-assessment.
If the Transporter or a Shipper reasonably believes that failure by the Transporter to re- assess a Shipper’s Required Level of Credit Support and/or Shipper’s Provided Level of Credit Support would result in an unacceptable material increase in risk to the security of the Postalised System, it may, at any time, call a Credit Committee meeting to propose that the Credit Committee give a Direction requiring such re-assessment.
Mutual Energy noted that we had omitted to propose modifications to Condition 2A.4.3.1 (b) of the PTL, BGTL, WTL and GNI (UK) which requires the Postalised System Administrator (PSA) to provide the licence holders with the postalised charges by no later than two Business Days before the first Business Day in August.
The development of an administrative function for calculating and distributing the respective tariffs and revenues would also be required to implement the tariff methodology i.e. an all-island equivalent to the Northern Ireland Postalised System Administrator.
If the Transporter or a Shipper reasonably believes that failure by the Transporter to re-assess a Shipper’s Required Level of Credit Support and/or Shipper’s Provided Level of Credit Support would result in an unacceptable material increase in risk to the security of the Postalised System, it may, at any time, call a Credit Committee meeting to propose that the Credit Committee give a Direction requiring such re-assessment.
The 2016-17 Postalisation Reconciliation process for the Northern Ireland Gas Transmission Network has been completed and was circulated to the Designated Pipeline Operators (“DPOs”) by the Postalised System Administrator (“PSA”) on 7th December 2017.
The Licensee shall provide to each Gas Supplier details of the aggregate sum of all Quarterly Exit Quantities (whether in the form of a joint report or otherwise) in respect of each exit point on the Postalised System.
This would be similar to the Northern Ireland PSA (Postalised System Administrator) function with the addition of handling currency differences.
We furthermore proposed to shorten paragraph (d) of condition 2A.4.3.1 The Postalised System Administrator, The PSA’s functions in all four high pressure licences so that it reads “the calculation of any VAT Distributions due in respect of sums received into the PoT Account from PS Gas Suppliers on the date of calculation of the Monthly Distribution in the relevantmonth (month “m”).” and all text thereafter in the current licence drafting is removed from this paragraph.
These are: A Postalised System Administrator (PSA) to administer the Postalised system, e.g. to calculate forecast tariffs, calculate the year-end reconciliation payments or repayments, and verify all payments into the bank account.