Caledonia Gas And Storage
First Revised Volume No. 1
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Effective Date: 09/30/2010, Docket: RP10-1032-000, Status: Effective
Original Sheet No. 48 Original Sheet No. 48
described, then Caledonia shall provide notice (“Substitute Reference
Price Notice”) thereof to Customer, in which event the Parties shall
attempt to agree upon a Substitute Reference Price (“Substitute
Reference Price”). The Substitute Reference Price shall then become
the “Daily Reference Price”.
2.20 “Dekatherm” or “Dth” means the quantity of heat energy which is
equivalent to 1,000,000 Btu. One “Dekatherm” of Gas means the quantity
of Gas which contains one Dekatherm of heat energy.
2.21 “Deliver” or “Delivery” means the physical Delivery, or its
equivalent, of Gas by Caledonia at a Point of Injection/Withdrawal to
or for the account of Customer. Unless otherwise specified in an
executed Service Agreement, Gas shall be Delivered at a uniform flow
rate equal to 1/24th of the scheduled quantity.
2.22 “Elapsed Pro-rata Capacity” means that portion of the capacity
that would have theoretically been available for use prior to the
effective time of the intraday recall based upon a cumulative uniform
hourly use of the capacity.
2.23 “Elapsed Pro-rated Scheduled Quantity” means that portion of the
scheduled quantity that would have theoretically flowed up to the
effective time of the Intraday Nomination being confirmed, based upon a
cumulative uniform hourly quantity for each nomination period affected.
2.24 “Event of Default” means the occurrence at any time with respect
to a Party of any of the events detailed in Section 23.2, below.
2.25 “FERC” means the Federal Energy Regulatory Commission or any
2.26 “Financial Assurances” is defined as either (a) cash which shall,
at the Party (“Posting Party”)being requested to provide Financial
Assurances option (i) be delivered to a Custodian to be held pursuant
to a cash escrow agreement, at Posting Party’s sole cost and expense or
(ii) held on deposit with requesting Party; (b) a standby irrevocable
letter of credit issued by a Qualified Institution; (c) a guarantee by
a Credit Support Provider that satisfies the credit requirements of
Caledonia and in a form acceptable to Caledonia in its sole discretion;
(d) grant of a first priority security interest in collateral
satisfactory to Caledonia; or (e) another form of assurance
satisfactory to Caledonia in its reasonable discretion.
2.27 “Firm” means the storage service provided under Rate Schedule FSS
pursuant to which Customer’s storage injection or storage withdrawal
nominations shall be the first scheduled and the last subject to