San Diego California Gas Storage Unit Agreement

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• County: San Diego
• Control #: US-OG-1015
• Format: Word; Rich Text

Description

This is an agreement for a gas storage unit. San Diego, California Gas Storage Unit Agreement is a legally binding contract between a gas storage facility provider and a customer for the provision of gas storage services in the San Diego area. This agreement outlines the terms and conditions governing the storage, withdrawal, and management of natural gas in designated storage units. One type of Gas Storage Unit Agreement in San Diego, California is the Firm Storage Agreement. This agreement offers the customer a guaranteed storage capacity for a specific period, ensuring the availability of stored gas whenever needed, even in periods of high demand or supply disruptions. Another type is the Interruptible Storage Agreement, which provides storage capacity to the customer on a non-guaranteed basis. This agreement allows the gas storage provider to interrupt or curtail storage services during peak demand periods or unforeseen circumstances, giving priority to customers under Firm Storage Agreements. The San Diego, California Gas Storage Unit Agreement typically includes the following key elements: 1. Parties: Identifies the gas storage provider and the customer involved in the agreement, outlining their respective roles and responsibilities. 2. Storage Capacity: Specifies the amount of storage space allocated to the customer, either in terms of volume (cubic feet) or energy equivalent (MM Btu). 3. Term: Indicates the duration of the agreement, including start and end dates, renewal options, and any notice periods for termination or extension. 4. Rate and Charges: Details the fees, rates, and charges associated with gas storage services, including injection and withdrawal charges, capacity reservation fees, and any penalties for non-compliance. 5. Operational Procedures: Describes the operational guidelines for utilizing the storage unit, including scheduling procedures, priority rules, nomination and confirmation processes, and emergency procedures. 6. Liability and Insurance: Outlines the liability responsibilities of both parties, including insurance requirements, indemnification clauses, and limitations of liabilities in case of accidents, damages, or breaches. 7. Force Mature: Defines circumstances beyond the control of either party that may temporarily or permanently suspend obligations under the agreement, such as acts of nature, regulatory changes, or unforeseen emergencies. 8. Dispute Resolution: Specifies the procedure for resolving any disputes or conflicts that may arise during the course of the agreement, such as negotiation, mediation, or arbitration. 9. Governing Law: States the jurisdiction and laws under which the agreement is governed, typically referring to California state laws. The San Diego, California Gas Storage Unit Agreement is crucial for both parties involved, as it ensures a secure and reliable supply of natural gas while establishing a framework for efficient storage operations, billing, and dispute resolution.

San Diego, California Gas Storage Unit Agreement is a legally binding contract between a gas storage facility provider and a customer for the provision of gas storage services in the San Diego area. This agreement outlines the terms and conditions governing the storage, withdrawal, and management of natural gas in designated storage units. One type of Gas Storage Unit Agreement in San Diego, California is the Firm Storage Agreement. This agreement offers the customer a guaranteed storage capacity for a specific period, ensuring the availability of stored gas whenever needed, even in periods of high demand or supply disruptions. Another type is the Interruptible Storage Agreement, which provides storage capacity to the customer on a non-guaranteed basis. This agreement allows the gas storage provider to interrupt or curtail storage services during peak demand periods or unforeseen circumstances, giving priority to customers under Firm Storage Agreements. The San Diego, California Gas Storage Unit Agreement typically includes the following key elements: 1. Parties: Identifies the gas storage provider and the customer involved in the agreement, outlining their respective roles and responsibilities. 2. Storage Capacity: Specifies the amount of storage space allocated to the customer, either in terms of volume (cubic feet) or energy equivalent (MM Btu). 3. Term: Indicates the duration of the agreement, including start and end dates, renewal options, and any notice periods for termination or extension. 4. Rate and Charges: Details the fees, rates, and charges associated with gas storage services, including injection and withdrawal charges, capacity reservation fees, and any penalties for non-compliance. 5. Operational Procedures: Describes the operational guidelines for utilizing the storage unit, including scheduling procedures, priority rules, nomination and confirmation processes, and emergency procedures. 6. Liability and Insurance: Outlines the liability responsibilities of both parties, including insurance requirements, indemnification clauses, and limitations of liabilities in case of accidents, damages, or breaches. 7. Force Mature: Defines circumstances beyond the control of either party that may temporarily or permanently suspend obligations under the agreement, such as acts of nature, regulatory changes, or unforeseen emergencies. 8. Dispute Resolution: Specifies the procedure for resolving any disputes or conflicts that may arise during the course of the agreement, such as negotiation, mediation, or arbitration. 9. Governing Law: States the jurisdiction and laws under which the agreement is governed, typically referring to California state laws. The San Diego, California Gas Storage Unit Agreement is crucial for both parties involved, as it ensures a secure and reliable supply of natural gas while establishing a framework for efficient storage operations, billing, and dispute resolution.