The Michigan Gas Storage Service Agreement is a contractual agreement between gas storage providers and customers in the state of Michigan. It outlines the terms and conditions under which natural gas can be stored, withdrawn, and managed within the storage facility. This agreement is crucial for gas storage providers to regulate the utilization and access to their storage facilities efficiently. It ensures that customers have a reliable supply of gas during peak demand seasons, such as winter heating or times of unforeseen supply disruptions. Additionally, it enables storage providers to maximize the use of their infrastructure and optimize gas flow for regional energy needs. Keywords: Michigan, gas storage, service agreement, contractual agreement, storage facility, natural gas, supply, withdrawal, management, utilization, access, storage providers, peak demand, winter heating, supply disruptions, infrastructure, optimization, gas flow, regional energy. Different types of Michigan Gas Storage Service Agreements include: 1. Firm Service Agreement: This type of agreement guarantees customers a specific amount of storage capacity and uninterrupted access to stored gas. It provides a reliable supply for customers who require continuous gas availability, such as utilities or industrial consumers. 2. Interruptible Service Agreement: This agreement offers customers the option to access gas storage on short notice, but without the guarantee of uninterrupted service. It is typically less expensive than the firm service agreement but may be curtailed during periods of high demand or system constraints. 3. Balancing Service Agreement: This agreement provides customers with the flexibility to balance their gas supply and demand in real-time. It allows for injections or withdrawals of gas based on immediate consumption needs, optimizing the usage of stored gas. 4. Park and Loan Service Agreement: This type of agreement allows customers to store excess gas during periods of low demand and subsequently loan it to others during periods of high demand. It facilitates gas storage optimization and provides economic benefits to participating parties. These various types of agreements cater to different customer needs and ensure the efficient and reliable storage, withdrawal, and management of natural gas in the state of Michigan. Keywords: firm service agreement, interruptible service agreement, balancing service agreement, park and loan service agreement, gas supply, gas demand, storage capacity, uninterrupted access, gas availability, utilities, industrial consumers, short notice, curtailed service, system constraints, real-time balancing, excess gas, loan, economic benefits, participating parties.
Michigan Gas Storage Service Agreement
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How to fill out Michigan Gas Storage Service Agreement?
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(f) "Maximum Daily Quantity" (MDQ) means a quantity of gas, as specified in the transportation contract between the customer and the Company, that is based on the customer's historical peak-month usage (determined from the customer's 36-month base period) plus adjustments for known or expected changes.
Maximum Daily Quantity (MDQ): The maximum quantity of gas consumed by a customer in a 24-hour period. An LDC may set delivery obligations or delivery limits based on a customer's MDQ.
Bcf ? Billion cubic feet ? standard unit of measurement for natural gas supply/demand - 1,000,000 MMBtu = 1 Bcf. Btu ? British thermal unit ? A British thermal unit is a unit of measurement that represents the amount of energy needed to heat a pound of water by one-degree Fahrenheit at or near 39.2? F.
(f) "Maximum Daily Quantity" (MDQ) means a quantity of gas, as specified in the transportation contract between the customer and the Company, that is based on the customer's historical peak-month usage (determined from the customer's 36-month base period) plus adjustments for known or expected changes.
The maximum daily quantity (MDQ) is the maximum quantity of oil or gas each day that a producer is permitted to deliver into the pipeline system.