55-1404. Effect of indefinite price escalator clauses of certain natural gas 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 federal legislation or any regulation by an agency implementing such legislation, or the price paid or to be paid for any sale of natural gas in the state of Kansas shall not be taken into account in applying any indefinite price escalator clause contained in any gas purchase contract subject to this act, to the extent that such contract provides for the sale in the state of Kansas, of gas produced within this state which was not committed or dedicated to interstate commerce on November 8, 1978. This section shall not require a reduction of any price contained in any gas purchase contract subject to this act below the price actually paid prior to the date of enactment of this act.
History: L. 1979, ch. 171, ยง 4; May 29.
Structure Kansas Statutes
Article 14 - Pricing Of Natural Gas
55-1403 Applicability of act to natural gas purchase contracts.
55-1405 Same; limited effect of indefinite escalator clauses; price calculated monthly; exceptions.
55-1407 Recovery of production and conservation fees and taxes.
55-1408 Voluntary renegotiation of price provisions.
55-1409 Enforcement of act by commission; rules and regulations.
55-1410 Judicial review of commission's actions.
55-1414 Profits of pipelines from certain natural gas sales apportioned to customers.
55-1424 Natural gas purchase contracts; definitions.
55-1425 Same; provision preventing certain taxes from inclusion in purchase price prohibited.
55-1427 Same; act not applicable to direct purchases for irrigation purposes.