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55-1404

Chapter 55.--OIL AND GAS Article 14.--PRICING OF NATURAL GAS

55-1404. Effect of indefinite price escalator clauses of certain naturalgas purchase contracts on price of natural gas.Except to the extent provided in K.S.A. 55-1405 and 55-1406,on or after December 1, 1978, the price allowed to be paid pursuant to federallegislation or any regulation by an agency implementing such legislation, or the pricepaid or to be paid for any sale of natural gas in the state of Kansas shallnot be taken into account in applying any indefinite price escalator clausecontained in any gas purchase contract subject to this act, to the extentthat such contract provides for the sale in the state of Kansas, of gasproduced within this state which was not committed or dedicated to interstatecommerce on November 8, 1978. This section shall not require a reductionof any price contained in any gas purchase contract subject to this actbelow the price actually paid prior to the date of enactment of this act.

History: L. 1979, ch. 171, § 4; May 29.

State Codes and Statutes

Statutes > Kansas > Chapter55 > Article14 > Statutes_21754

55-1404

Chapter 55.--OIL AND GAS Article 14.--PRICING OF NATURAL GAS

55-1404. Effect of indefinite price escalator clauses of certain naturalgas purchase contracts on price of natural gas.Except to the extent provided in K.S.A. 55-1405 and 55-1406,on or after December 1, 1978, the price allowed to be paid pursuant to federallegislation or any regulation by an agency implementing such legislation, or the pricepaid or to be paid for any sale of natural gas in the state of Kansas shallnot be taken into account in applying any indefinite price escalator clausecontained in any gas purchase contract subject to this act, to the extentthat such contract provides for the sale in the state of Kansas, of gasproduced within this state which was not committed or dedicated to interstatecommerce on November 8, 1978. This section shall not require a reductionof any price contained in any gas purchase contract subject to this actbelow the price actually paid prior to the date of enactment of this act.

History: L. 1979, ch. 171, § 4; May 29.

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Statutes > Kansas > Chapter55 > Article14 > Statutes_21754

55-1404

Chapter 55.--OIL AND GAS Article 14.--PRICING OF NATURAL GAS

55-1404. Effect of indefinite price escalator clauses of certain naturalgas purchase contracts on price of natural gas.Except to the extent provided in K.S.A. 55-1405 and 55-1406,on or after December 1, 1978, the price allowed to be paid pursuant to federallegislation or any regulation by an agency implementing such legislation, or the pricepaid or to be paid for any sale of natural gas in the state of Kansas shallnot be taken into account in applying any indefinite price escalator clausecontained in any gas purchase contract subject to this act, to the extentthat such contract provides for the sale in the state of Kansas, of gasproduced within this state which was not committed or dedicated to interstatecommerce on November 8, 1978. This section shall not require a reductionof any price contained in any gas purchase contract subject to this actbelow the price actually paid prior to the date of enactment of this act.

History: L. 1979, ch. 171, § 4; May 29.