Indiana Code 8-1-8.9-19. SNG property interest; SNG seller contract with energy utility
Current as of: 2023 | Check for updates
|
Other versions
Sec. 19. An SNG seller that is an assignee may contract with the energy utility, in the qualified contract or in another contract, for the performance of services related to the sale of substitute natural gas under the qualified contract, including:
(2) billing, collection, and other related services;
(1) the transportation and distribution of substitute natural gas; and
Terms Used In Indiana Code 8-1-8.9-19
- assignee: means any individual, corporation, or other legal entity to which an SNG property interest is transferred. See Indiana Code 8-1-8.9-1
- Contract: A legal written agreement that becomes binding when signed.
- energy utility: has the meaning set forth in Indiana Code 8-1-8.9-3
- qualified contract: means a contract with a term of at least thirty (30) years for the sale of substitute natural gas to an energy utility. See Indiana Code 8-1-8.9-5
- SNG: has the meaning set forth in Indiana Code 8-1-8.9-8
- SNG seller: means any individual, corporation, or other legal entity that engages in the production and sale of substitute natural gas. See Indiana Code 8-1-8.9-10
according to terms and conditions that reasonably compensate the energy utility for its services and adequately secure payment to the SNG seller.
As added by P.L.175-2007, SEC.21.