The Rhode Island Gas Storage Service Agreement refers to a legally binding contract between a gas storage provider and a customer in Rhode Island. It outlines the terms and conditions for the storage of natural gas and related services provided by the storage facility. Under this agreement, the gas storage provider agrees to reserve and store a specific amount of natural gas for the customer, ensuring its availability upon request. The customer, on the other hand, agrees to pay a specified fee for the gas storage services rendered. The Rhode Island Gas Storage Service Agreement is commonly offered by gas utility companies, energy companies, or storage facility operators in the state. It is an essential aspect of ensuring reliable and secure supplies of natural gas for both commercial and residential consumers. Some key components addressed in a typical Rhode Island Gas Storage Service Agreement include: 1. Quantity and Term: The agreement specifies the quantity of gas to be stored and the duration for which the storage will be provided. This may be outlined in cubic feet, barrels, or other standard units of measurement. 2. Injection and Withdrawal Rights: The agreement details the procedures and protocols for injecting or withdrawing gas from the storage facility. It covers rules for notifications, scheduling, and limitations on the frequency and volume of injections and withdrawals. 3. Fees and Payment Terms: The agreement defines the rates, charges, and payment terms associated with the gas storage services. This includes details on any fixed fees, variable charges, penalties, or surcharges that the customer may be responsible for. 4. Force Mature and Termination: The contract usually incorporates clauses that address force majeure events, such as natural disasters or government actions, which may temporarily suspend or terminate the service. It also outlines the conditions for contract termination by either party. 5. Liability and Indemnification: The agreement may contain provisions that govern liability for damages, accidents, or incidents occurring during the storage period. It may also outline the customer's responsibility for indemnifying the storage provider against any claims arising from the customer's actions or use of the stored gas. It is important to note that while this description outlines a generic gas storage service agreement, specific agreements may vary between different providers and customers in Rhode Island. Some variations may include customized terms for large industrial customers, seasonal storage agreements, or provisions for the storage of liquefied natural gas (LNG). In conclusion, the Rhode Island Gas Storage Service Agreement is a contractual arrangement that governs the storage of natural gas and related services in Rhode Island. It ensures a reliable supply of gas, establishes the rights and responsibilities of both parties, and protects the interests of the customer and the storage facility operator.
Rhode Island Gas Storage Service Agreement
Description
How to fill out Rhode Island Gas Storage Service Agreement?
Choosing the best authorized document design might be a battle. Obviously, there are a lot of themes available on the Internet, but how will you obtain the authorized form you require? Make use of the US Legal Forms website. The services offers thousands of themes, such as the Rhode Island Gas Storage Service Agreement, which you can use for company and private needs. Every one of the types are examined by specialists and satisfy state and federal needs.
When you are previously authorized, log in in your accounts and click the Download button to find the Rhode Island Gas Storage Service Agreement. Use your accounts to check with the authorized types you may have purchased formerly. Check out the My Forms tab of the accounts and get an additional copy of your document you require.
When you are a brand new consumer of US Legal Forms, allow me to share straightforward recommendations for you to comply with:
- Initial, make sure you have chosen the appropriate form for the area/region. It is possible to examine the shape using the Review button and browse the shape explanation to ensure it will be the right one for you.
- When the form does not satisfy your requirements, utilize the Seach area to find the proper form.
- When you are certain that the shape is acceptable, go through the Purchase now button to find the form.
- Opt for the rates prepare you want and type in the needed info. Make your accounts and purchase your order using your PayPal accounts or Visa or Mastercard.
- Choose the document format and download the authorized document design in your product.
- Total, change and printing and indication the attained Rhode Island Gas Storage Service Agreement.
US Legal Forms may be the biggest catalogue of authorized types where you can see various document themes. Make use of the company to download expertly-created documents that comply with condition needs.
Form popularity
FAQ
The average ROE authorized for electric utilities was 9.71% for rate cases decided in the first quarter of 2023, up from the 9.54% average observed in full year 2022.
The ROE is set so that the return is sufficient to attract the capital needed for the utility to construct and maintain a safe and reliable system while not charging utility customers more than is necessary.
Rhode Island Energy is allowed to recoup a 9.275% return on investment, or ROE, on authorized capital costs. The discussion in the Ocean State comes as the Pennsylvania-based PPL Corp., RI Energy's parent, moves to execute a new business plan. RI Energy eyes $285M 5-year rate hike for $1B capex plan bizjournals.com ? news ? 2023/02/09 bizjournals.com ? news ? 2023/02/09
Rates across the regional New England electric grid are largely driven by the wholesale costs of natural gas, a primary fuel for power generation as well as heating. Market prices fall in the summer, when demand for gas ebbs and increase in the winter when residences and businesses need the fuel for heat.
Thus, the state allows National Grid to exclusively own all the electric and gas transmission and distribution infrastructure. And because the utility company is a monopoly, it's subject to state regulation and oversight. The Public Utilities Commission (PUC) approves rates and services on behalf of ratepayers.