Indiana Code 8-1-8.9-20. SNG property interest; SNG seller rights
Current as of: 2023 | Check for updates
|
Other versions
Sec. 20. If an energy utility makes a true sale of an SNG property interest to an SNG seller under section 15 of this chapter, the SNG seller:
(2) is entitled to all amounts collected by the energy utility from its retail end use customers for the distribution of the substitute natural gas, subject to the terms of the qualified contract; and
(1) retains title to all substitute natural gas distributed by the energy utility to the energy utility’s retail end use customers;
Terms Used In Indiana Code 8-1-8.9-20
- 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
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- 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
(3) has the same rights to payments made by the energy utility’s retail end use customers as does the energy utility that provides the substitute natural gas to those customers.
As added by P.L.175-2007, SEC.21.