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. 51 Original Sheet No. 51
2.50 “Monthly Reference Price” means the arithmetic average of the
applicable Daily Reference Prices for each Gas Day of the relevant
Month, including weekend deals. If at any time the Daily midpoint
prices for the applicable reference points are not published in the
manner previously described, the Substitute Reference Price shall then
become the “Monthly Reference Price”.
2.51 “Operational Flow Order” or “OFO” means an order issued by
Caledonia under Section 6.6 to alleviate conditions, inter alia, which
could threaten the safe operations or system integrity of Caledonia’s
Storage Facility, or to maintain operations required to deliver Firm
service. Whenever Caledonia experiences these conditions, any pertinent
order will be referred to as an Operational Flow Order.
2.52 “Park Balance” means the quantity of Gas, expressed in Dth, that
Customer has in Caledonia’s System for Customer’s account under a
Service Agreement for parking service, provided that the Park Balance
shall never exceed Customer’s Maximum Park Quantity specified in
Customer’s Service Agreement.
2.53 “Party” means either Caledonia or Customer; “Parties” means
Caledonia and Customer, collectively.
2.54 “Point of Injection/Withdrawal” means the point, as designated by
Customer and Caledonia in the relevant Service Agreement, where
Caledonia Receives Gas from Customer for Customer’s account or Delivers
Gas to Customer for Customer’s account.
2.55 “Potential Replacement Customer” means any individual or entity
that desires to assume any released rights to capacity of a Releasing
Customer pursuant to Section 5, hereunder.
2.56 “Psia” means pounds per square inch absolute.
2.57 “Psig” means pounds per square inch gauge.
2.58 ”Qualified Customer” means a party who: (i) has satisfied
Caledonia’s creditworthiness requirements as outlined in this Gas
Tariff (which creditworthiness shall be reevaluated and updated as
often as Caledonia deems necessary in its reasonable discretion) or has
provided or caused to be provided Financial Assurances as necessary,
(ii) has provided all information required under this Gas Tariff when
requested, and (iii) has executed and delivered a relevant Service
Agreement (or Capacity Release Umbrella Agreement, if applicable) or,
with regards to a potential customer wishing to bid in an open season,
such party agrees to execute a Service Agreement as required under the
open season procedures of this Gas Tariff .
2.59 “Qualified Institution” means a U.S. commercial bank or a foreign
bank with a U.S. branch that is not an Affiliate of