TCQ definition
Examples of TCQ in a sentence
Transporter recognizes that it has a duty to use reasonable care and prudent operating procedures to allow Shipper to schedule for delivery within its TCQ, as adjusted pursuant to a Force Majeure situation or Operating Conditions, the gas quantities available to Shipper up to the amount verified and confirmed by Transporter based on the best operating information available to Transporter.
Notice shall be provided by Transporter to Shipper of such revised TCQ by telephone or telecopy.
In addition, the Company shall have the right to adjust a Customer’s total capacity quantity (“TCQ”) if the Company determines that the TCQ calculation is in error or is otherwise not calculated in accordance with the provisions of Section 13.3.2.
Maximum Daily Peaking The portion of a Customer’s TCQ identified and Quantity (MDPQ) allocated as Peaking Capacity, such that the maximum daily amount of Gas that can be withdrawn from a Suppliers’ Peaking Service Account pursuant to Section 16.0 of these Terms and Conditions shall be equal to the sum of the Customers’ MDPQs in a Supplier’s Aggregation Pool.
Total Capacity Quantity The total amount of Capacity assignable to a Supplier (TCQ) on behalf of a Customer.
Seller will agree, upon written request by ▇▇▇▇▇ at least thirteen (13) months prior to the end of the First Term Extension, to extend the term of this service agreement for a second additional term of at least one (1) year for all or a portion of the TCQ (as elected by Buyer) in effect during the First Term Extension and at the applicable maximum cost of service‐based recourse rates under Rate Schedule FT of Seller’s FERC Gas Tariff for firm transportation service under the LSE Project.
Both parties have considered and agree to the terms of this Agreement which incorporates the TCQ Standard Bailment Agreement - General Terms and Conditions and Schedule A above.
In the event that Default Service is provided at a new meter location for Gas Usage associated with new construction or an existing structure converting to natural gas service, the TCQ shall be zero, provided that the Customer initiates Supplier Service in accordance with Section 24.5 of these Terms and Conditions within 120 days of gas flow, or within 60 days of gas flow for Customers with annual volumes of 40,000 therms per year or more.
Seller shall have the right at any time, with 60 Days advance written notice to Buyer, to lower the OMTCQ by the OMTCQ volume not then elected by Buyer in accordance with Section 3.1. Should Seller so notify Buyer of its intention to lower the OMTCQ, Buyer may, during such 60-Day period, add Injection Projects and/or increase the DCQ(s), TDCQ, TYQ and TCQ, respectively, in accordance with Section 3.1.
The Company will provide Default Service to said Customer up to a maximum daily level of Gas Usage not to exceed the TCQ of recallable capacity assigned to the Customer’s former Supplier.