Statute 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, § 4; May 29.