Connecticut Natural Gas Storage Lease is an agreement made between a lessor (typically a natural gas storage operator) and a lessee (a party in need of natural gas storage) for the use and occupancy of a gas storage facility located within the state of Connecticut. This lease allows the lessee to store their natural gas supply in an organized and secure manner, ensuring a constant and reliable source of energy. The Connecticut Natural Gas Storage Lease offers various types of arrangements, tailored to meet the specific needs of different lessees: 1. Firm Storage Lease: This lease type guarantees the lessee a fixed and certain amount of storage capacity for their natural gas supply. It ensures that the lessee has access to their stored gas whenever needed, regardless of fluctuations in demand. 2. Interruptible Storage Lease: In contrast to the firm storage lease, this lease type does not provide a guaranteed capacity to the lessee. Instead, it allows the operator to interrupt (temporarily suspend) storage services during high demand periods or emergency situations. This type of lease offers lower rates and flexibility for lessees who can afford occasional interruptions in their natural gas supply. 3. Seasonal Storage Lease: This lease option is particularly beneficial for industries or utilities that experience seasonal fluctuations in natural gas demand. It allows lessees to increase their storage capacity during seasons with lower demand and decrease it during higher demand seasons accordingly. 4. Balancing Storage Lease: Designed to assist in balancing supply and demand fluctuations, this lease type offers lessees the ability to inject and withdraw their natural gas over shorter periods. It helps in maintaining a stable gas supply by enabling adjustments to match the changing requirements within the market. Connecticut Natural Gas Storage Lease agreements typically cover essential details related to the duration of the lease, terms of payment, rights and obligations of both parties, allocation of responsibility for maintenance and repairs, insurance requirements, and any specific provisions or limitations. In conclusion, the Connecticut Natural Gas Storage Lease is a versatile agreement that allows lessees to secure their natural gas supply through various lease options tailored to their individual requirements. Whether it's a firm, interruptible, seasonal, or balancing storage lease, these agreements ensure reliable access to stored gas and contribute to fulfilling Connecticut's energy needs.
Connecticut Natural Gas Storage Lease
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The Public Utilities Regulatory Authority (PURA) regulates three gas utilities that operate within Connecticut: Connecticut Natural Gas Corporation, The Southern Connecticut Gas Company, and. Eversource (formerly Yankee Gas Services Company).
CNG is a subsidiary of UIL Holdings Corporation, headquartered in New Haven, Connecticut.
Whether you're shopping for natural gas or electricity, you can start on our site and find a great rate. You can decide to switch from the Standard Service supplied by UI or Eversource at any time. The Switch is seemless. Nothing changes, just your electricity rate.
The whole tank floats in a circular or annular water reservoir, held up by the roughly constant pressure of a varying volume of gas, the pressure determined by the weight of the structure, and the water providing the seal for the gas within the moving walls.
It is most commonly held in inventory underground under pressure in three types of facilities. These underground facilities are depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Natural gas is also stored in liquid or gaseous form in above?ground tanks.
Then call us immediately at 866.924. 5325 or 911 from a safe location. You can also call us using the following local numbers: Greater Hartford: 860.246. 5325 and Greenwich: 203.869.
Natural Gas Emergency Then call us immediately at 866.924. 5325 or 911 from a safe location. You can also call us using the following local numbers: Greater Hartford: 860.246. 5325 and Greenwich: 203.869.
Natural gas, like most other commodities, can be stored for an indefinite period of time. The exploration, production, and transportation of natural gas takes time, and the natural gas that reaches its destination is not always needed right away, so it is injected into underground storage facilities.