Maine Revised Statutes Title 35-A Sec. 1902 – Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2013, c. 369, Pt. B, §1 (NEW).]
1. Basis differential. “Basis differential” means the difference between the so-called Henry Hub spot price for natural gas and the corresponding cash spot price for natural gas in New England.
[PL 2013, c. 369, Pt. B, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 35-A Sec. 1902
- Basis differential: means the difference between the so-called Henry Hub spot price for natural gas and the corresponding cash spot price for natural gas in New England. See Maine Revised Statutes Title 35-A Sec. 1902
- Contract: A legal written agreement that becomes binding when signed.
- ISO-NE region: means the region in which the New England bulk power system operated by the independent system operator of the New England bulk power system or a successor organization is located. See Maine Revised Statutes Title 35-A Sec. 1902
- Liquefied natural gas storage capacity: means storage capacity for liquefied natural gas installed in the State on or after January 1, 2016 that will benefit the State's energy consumers during times of regional supply constraint due to capacity limitations of interstate or intrastate pipelines or local distribution systems. See Maine Revised Statutes Title 35-A Sec. 1902
- Person: includes a corporation, partnership, limited partnership, limited liability company, limited liability partnership, association, trust, estate, any other legal entity or natural person. See Maine Revised Statutes Title 35-A Sec. 102
- Physical energy storage capacity: means liquefied natural gas storage capacity. See Maine Revised Statutes Title 35-A Sec. 1902
- Physical energy storage contract: means a contract executed in accordance with this chapter for physical energy storage capacity. See Maine Revised Statutes Title 35-A Sec. 1902
- Pipeline capacity holder: means any person owning rights to natural gas pipeline capacity. See Maine Revised Statutes Title 35-A Sec. 1902
- Trust fund: means the Energy Cost Reduction Trust Fund established under section 1907, subsection 1. See Maine Revised Statutes Title 35-A Sec. 1902
2. Energy cost reduction contract. “Energy cost reduction contract” means a contract executed in accordance with this chapter to procure capacity on a natural gas transmission pipeline, including, when applicable, compression capacity.
[PL 2015, c. 445, §1 (AMD).]
3. ISO-NE region. “ISO-NE region” means the region in which the New England bulk power system operated by the independent system operator of the New England bulk power system or a successor organization is located.
[PL 2013, c. 369, Pt. B, §1 (NEW).]
3-A. Liquefied natural gas storage capacity. “Liquefied natural gas storage capacity” means storage capacity for liquefied natural gas installed in the State on or after January 1, 2016 that will benefit the State’s energy consumers during times of regional supply constraint due to capacity limitations of interstate or intrastate pipelines or local distribution systems.
[PL 2015, c. 445, §2 (NEW).]
3-B. Physical energy storage capacity. “Physical energy storage capacity” means liquefied natural gas storage capacity.
[PL 2015, c. 445, §2 (NEW).]
3-C. Physical energy storage contract. “Physical energy storage contract” means a contract executed in accordance with this chapter for physical energy storage capacity.
[PL 2015, c. 445, §2 (NEW).]
4. Pipeline capacity holder. “Pipeline capacity holder” means any person owning rights to natural gas pipeline capacity.
[PL 2013, c. 369, Pt. B, §1 (NEW).]
5. Trust fund. “Trust fund” means the Energy Cost Reduction Trust Fund established under section 1907, subsection 1.
[PL 2013, c. 369, Pt. B, §1 (NEW).]
SECTION HISTORY
PL 2013, c. 369, Pt. B, §1 (NEW). PL 2015, c. 445, §§1, 2 (AMD).