PS Transmission Payments definition

PS Transmission Payments means any amount payable by a PS Gas Supplier in respect of the provision of gas conveyance services on the Postalised System under Condition 2A.2.1.7 (Overrun Charges); Conditions [2A.2.2.15.5] (Monthly Postalised Payments); 2A.2.2.23.4 (Debt Payments); and 2A.2.2.36.4 (Reconciliation Payments); 2A.2.5.12(c) (Auxiliary Payments) and 2A.2.6.46 (Supplemental Payments) under each Designated Pipe-Line Operator’s Respective Licence; “Quantity Figures” shall have the meaning ascribed to that term in Condition 2A.2.3.1(b); “Quarter” means each successive three calendar month period in a Gas Year, the first of which shall run from and including 0605:00 hours 01 October until 0605:00 hours 01 January in that Gas Year; and “Quarterly” shall be construed accordingly; “Quarterly Exit Quantity” means the aggregate of Exit Quantities in a Quarter; “Reconciliation Payment” means the Capacity Reconciliation Payment and the Commodity Reconciliation Payment; “Reconciliation Payment Formulae” means the formulae contained in ConditionConditions 2A.2.6.34(a) to (e) and 2A.2.6.5 in accordance with which Reconciliation Payments shall be calculated; “Recovery” means any amount (other than a Debt Payment) paid by or on behalf of a PS Gas Supplier either directly into the PoT Account or to a Designated Pipe-line Operator and subsequently paid by that Designated Pipe-line Operator into the PoT Account, in full or partial satisfaction of any PS Notified Debt attributable to that PS Gas Supplier; “Relevant Charge Date” shall have the meaning ascribed to that term in Condition 2A.2.5.47;

PS Transmission Payments means any amount which a Primary DPO is obliged or entitled to charge to the Licensee in respect of the provision of gas conveyance services on the Postalised System under such Primary DPO’s licence to convey gas; “Quarter” means each successive three calendar month period in a Gas Year, the first of which shall run from and including 05:00 hours 01 October until 05:00 hours 01 January in that Gas Year; and “Quarterly” shall be construed accordingly. “Terms of Reference” means the terms of that name appended to the Network Code which govern the operation of the Credit Committee; “Transit Point” means a point of interconnection between a Designated Network and another pipeline forming part of the Postalised System;

PS Transmission Payments means any amount which a Primary DPO is obliged or entitled to

Examples of PS Transmission Payments in a sentence

• For the avoidance of doubt, PS Transmission Payments shall include any relevant Termination Payments payable in respect of PS Transmission Payments relating to the Gas Year in which termination occurs.

• In order to differentiate the treatment of the OS&BB scheme within the postalisation conditions a number of modifications are proposed, e.g. the proposed 2A.2.1.23 proposes that charges for OS capacity are not subject to reconciliation and 2A.2.1.26 proposes that amounts payable to the Licensee for the allocation of OS Capacity do not constitute PS Transmission Payments and are not to be paid into the PoT Account.

• At a Meeting a Voting Member shall hold one vote per £1 worth of PS Transmission Payments invoiced to it during the six Months immediately prior to the Month in which the Meeting is convened.

• At aMeeting meeting a Voting Member shall hold one vote per £1 worth of PS Transmission Payments invoiced to it during the six Months immediately prior to the Month in which the Meetingmeeting is convened.

• Notwithstanding section 12.1.2, the Transporter is required, in accordance with section 12.5.3 or 12.5.4, whichever is applicable, to set-off against any PS Transmission Payments payable by a Shipper to it, the amount of any PS Transmission Payments payable by it to that Shipper.

• A Shipper which is not a PS Gas Supplier undertakes to pay to the Transporter all PS Transmission Payments which the Transporter would be entitled to recover from the Shipper in accordance with the Licence if the Shipper held a Gas Supply Licence.

More Definitions of PS Transmission Payments

PS Transmission Payments means any amount payable by a PS Gas Supplier in respect of the provision of gas conveyance services on the Postalised System under Conditions 2A.2.2.1 (Monthly Postalised Payments); 2A.2.2.2 (Debt Payments); and 2A.2.2.3 (Reconciliation Payments); 2A.2.5.1(c) (Auxiliary Payments) and 2A.2.6.4 (Supplemental Payments) under each Designated Pipe-Line Operator‟s Respective Licence;“Quantity Figures”shall have the meaning ascribed to that term in Condition 2A.2.3.1(b);“Quarter”means each successive three calendar month period in a Gas Year, the first of which shall run from and including 06:00 hours 01 October until 06:00 hours 01 January in that Gas Year; and “Quarterly” shall be construed accordingly;“Quarterly Exit Quantity”means the aggregate of Exit Quantities in a Quarter;“Reconciliation Payment”means the Capacity Reconciliation Payment and the Commodity Reconciliation Payment;“Reconciliation Payment Formulae”means the formulae contained in Condition 2A.2.6.3 in accordance with which Reconciliation Payments shall be calculated;“Recovery”means any amount (other than a Debt Payment) paid by or on behalf of a PS Gas Supplier either directly into the PoT Account or to a Designated Pipe-line Operator and subsequently paid by that Designated Pipe-line Operator into the PoT account, in full or partial satisfaction of any PS Notified Debt attributable to that PS Gas Supplier;“Relevant Charge Date”shall have the meaning ascribed to that term in Condition 2A.2.5.4;“Respective Licence”means in respect of each of the Designated Pipe-line Operators the licence for the conveyance of gas granted to it pursuant to Article 8(1) of the Order or that part of a combined licence relating to theconveyance of gas;

PS Transmission Payments means any amount payable by a PS Gas Supplier in respect of the provision of gas conveyance services on the Postalised System under Conditions 2A.2.2.1 (Monthly Postalised Payments); 2A.2.2.2 (Debt Payments); and 2A.2.2.3 (Reconciliation Payments); 2A.2.5.1(c) (Auxiliary Payments) and 2A.2.6.4 (Supplemental Payments) under each Designated Pipe-Line Operator’s Respective Licence;